UK: EnQuest’s Crathes Well Encounters Light Oil Column

EnQuest announced today that its Crathes exploration well, 21/13a-5 encountered a 52ft light oil column in excellent quality Palaeocene sands.

Following wireline logging, the well will be drilled ahead to the deeper Moon prospect.

EnQuest will then evaluate the potential commerciality of the Scolty, Crathes/Moon and Torphins area. EnQuest acquired its 40% interest in Crathes through a recent farm in.

Also,EnQuest today reported would , subject to anticipated regulatory approvals, proceed with $850 million worth Alma/Galia fields development.

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Offshore Energy Today Staff , November 29, 2011