30th Dec 2021 08:23
(Alliance News) - Harbour Energy PLC said it has completed the drilling of the Dunnottar exploration well in licence P2399 in the UK North Sea.
The well reached a total measured depth of 15,639 feet, finding hydrocarbon-bearing intervals in the Palaeocene, Jurassic and Triassic.
Harbour will now assess the "commerciality of these marginal accumulations". In the meantime, the well will be plugged and abandoned.
Harbour has a 67% stake in the asset, with Eni Spa owning roughly a third.
Formed out of the merger of Chrysaor Holdings Ltd and Premier Oil PLC in April, FTSE 250-listed Harbour also has operations in Norway, Indonesia, Vietnam, Brazil and Mexico.
By Eric Cunha; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Harbour Energy