Results from Cooper Well Flow Test

Results from Cooper Well Flow Test

After initially positive indications on the Cooper prospect, further test results have been disappointing, indicating sub-commercial flow rates from the reservoir. Formation testing has been suspended, and the joint venture partners will now evaluate all the test data to establish next steps for the prospect.

Notes

  1. Centrica Energi (Norge) AS has a 40% operating interest in the Cooper prospect with partners PetroCanada (30%) and Faroe Petroleum Norge AS (30%).
  2. The Cooper exploration well 6506/11-9 S well is located about 5 km east of the Morvin Field and about 5 km west of the Smørbukk field on the Halten Terrace in the Norwegian Sea. The well, which is located in 249 metres depth of water, has been drilled to a vertical depth of 4954 metres (5330 metres measured depth) below sea level, reaching its total depth in the Lower Jurassic Åre Formation.
  3. The well was drilled with the West Alpha drilling rig. The rig will now be towed into the Ølen shipyard where it will undergo upgrade, modification and re-certification activities.