PGS completes seismic survey over Equinor’s UK license

Norway’s PGS has completed a 3D seismic survey over the P.2170 (Blocks 20/5b & 21/1d) (P.2170) license area and certain offset acreage conducted as part of a wider GeoStreamer MultiClient 3D seismic survey in the Moray Firth area off the UK. 

The P.2170 license in the UK North Sea contains the Verbier oil discovery and the Cortina prospect.

Norway’s Equinor, formerly Statoil, is the operator of the UKCS license P.2170 with a 70% interest with Jersey Oil and Gas (18%) and CIECO V&C (UK) Limited (12%) as its partners. Equinor and its partners committed to pre-fund the 3D seismic survey over the P.2170 licence area and certain offset acreage back in late April.

Jersey Oil & Gas (JOG) said on Thursday that the survey has now been completed on time and without any HSE incidents.

Delivery of the final imaged data by PGS from the survey continues to be expected in late 1Q 2019 as announced in April. JOG said that this data will be integrated with the results from the Verbier appraisal well, scheduled for drilling late 3Q/early 4Q this year, which, in a success case, will be an important step for strategic planning as the Verbier project progresses into a potential future development phase.

Andrew Benitz, CEO of Jersey Oil & Gas, commented: “We look forward to achieving a comprehensive update of our geological and geophysical understanding of the greater P.2170 licence area, integrating the results of the forthcoming Verbier appraisal well with the PGS newly acquired, high quality 3D dataset.

He added: “The information to be derived from the appraisal well, together with the new 3D data, will be an important step towards the potential future development of the Verbier discovery and will facilitate our evaluation of other drillable prospects in the P.2170 license area.”