Exploration - 24 March 2021

The newly established Aker BP UK has taken a 50% interest in licence P2511 on the UK Continental Shelf.

The well in licence VIC/P43 intersected a gross gas column of 69.5 m in the Upper Waarre Formation, including 62.9 m of net gas pay, with a gaswater contact intersected at 1990 m measured depth.

The contract covers consolidation of development, exploration and P&A activities in the Dutch and UK sectors of the North Sea.

Preliminary estimates place the size of the discovery between 12 and 19 million m3 of recoverable oil equivalent, corresponding to 75-120 million bbl of recoverable oil equivalent.