Success for Ithaca’s Isabella exploration well

Source: press release, 7 April 2020

Block 30/12d in the UK Central North Sea (illustration: Ithaca Energy Limited)
Block 30/12d in the UK Central North Sea (illustration: Ithaca Energy Limited)

Ithaca Energy Limited has announced that the Isabella exploration well in Block 30/12d in the UK Central North Sea has discovered hydrocarbons in the Upper Jurassic and Triassic sandstone reservoirs. This is an encouraging high-pressure high-temperature discovery in a location close to existing infrastructure.

Further analysis of the well results will now be performed by the licence operator, Total E&P North Sea UK Limited, to determine future appraisal activity and recoverable resource estimates. The well is in the process of being plugged and abandoned.

Ithaca has a 10% working interest in licence P.1820, alongside partners Total (30%), Neptune E&P UK Limited (50%) and Euroil Exploration Limited (10%). The company has a cost carried interest in the well as a result of prior farm-out agreements with Total and Euroil.