PARIS, Jan. 29 (Xinhua) -- French energy giant Total on Tuesday announced that it had made "a new significant discovery" on the Glengorm prospect located off in the Central Graben in the North Sea, whose recoverable resources are estimated close to 250 million barrels of oil equivalent.
In a press release, Total said the well was drilled to a final depth of 5,056 meters and encountered 37 meters net gas and condensate pay in a high quality Upper Jurassic reservoir with excellent properties.
More drilling and testing would be carried out to appraise resources and the reservoir's productivity, said the release.
"Following the recent Glendronach discovery, West of Shetland in the UK, Glengorm is another great success for Total in the North Sea, with results at the top end of expectations and a high condensate yield in addition to the gas," said Kevin McLachlan, senior vice president of exploration at Total.
"Our strong position in the region will enable us to leverage existing infrastructures nearby and optimize the development of this discovery. Glengorm is an achievement that demonstrates our capacity to create value in a mature environment thanks to our in-depth understanding of the basin," he added.
Total has 25 percent stake in the Glengorm discovery, alongside CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited and Euroil, a wholly-owned subsidiary of Edison E&P SpA which hold 50 percent and 25 percent respectively.
