Wintershall Kicks Off Drilling Campaign in PL457 (Norway)

Wintershall Kicks Off Drilling Campaign in PL457

Bridge Energy, an oil and gas exploration and production company, has announced that the exploration drilling campaign in the Wintershall-operated PL 457, covering wells targeting the Amol and the Asha East prospects, has kicked off, with the wells being located on the Utsira High and Gudrun Terrace, respectively.

Both wells, located in the Norwegian sector of the North Sea, will be drilled by the semi-submersible rig Borgland Dolphin. The Asha East exploration well will be drilled as a side-track from the Amol exploration well main bore, with the results from Asha East well expected first.

Bridge has a 20% interest in the wells. Wintershall is the operator with 40%, with the other partners VNG (20%) and E.ON (20%).

Tom Reynolds, CEO of Bridge Energy, commented:

“I am pleased to announce the spud of the next two exploration wells within the Bridge 2013 drilling programme. The wells will target the Amol prospect, where we estimate around 6mmboe potential net recoverable resource to Bridge on an unrisked basis, and will also target the Asha East prospect. With significant resources discovered through the Asha well drilled in 2012, these wells have the potential to add significant resources to an already valuable asset.”

Press Release, August 15, 2013