Premier Oil

Premier Oil has discovered oil at the Bagpuss 13/25-1 well on the Halibut Horst in the Outer Moray Firth of the United Kingdom North Sea. The well encountered 41 ft of hydrocarbon-bearing sands within a 68-ft hydrocarbon column, which was in line with predrill estimates, and reached a total depth of 1,532 ft. Hydrocarbon and reservoir analysis are under way to determine whether the discovery is commercial. The joint-venture partners in the Bagpuss prospect are operator Premier, with a 37.5% interest, Maersk (25%), EnCounter Oil (15%), North Sea Energy (15%), and Groliffe (7.5%).


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