ChevronTexaco and Partners, Statoil, OMV and DONG, Announce Oil and Gas Discovery Offshore United Kingdom.
PR Newswire Europe, December, 2004
SAN RAMON, California, December 8 /PRNewswire/ -- ChevronTexaco Corporation today announced that its United Kingdom subsidiary and its partners, Statoil, OMV and DONG, have made a significant oil and gas discovery at the offshore Rosebank/Lochnagar well (213/27-1Z) in the Faroe-Shetland Channel.
The well, located in 3,600 feet (1,100 meters) of water and completed on August 30, 2004, encountered two oil and gas accumulations for a total net pay of 169 feet (52 meters) with oil quality ranging from 27-36 degrees API. Non-associated gas was also encountered in the shallower reservoir. The well, which was not tested, has been plugged and abandoned at a total depth of 12,153 feet (3,607 meters). Further drilling will be carried out to fully appraise the find....
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