NEPTUNE Energy today announced a “positive” discovery has been made at the Isabella exploration well in the central North-sea.
The company said the well results would be analysed further to firm up plans for appraisal activity and recoverable resource estimates, which were not disclosed.
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Neptune did say the well-encountered hydrocarbons in the Upper Jurassic and Triassic sandstone reservoirs, 210 ft of net pay of lean gas and condensate and high-quality light oil.
Isabella was drilled by the Noble Sam Hartley jack-up rig and is now being plugged and abandoned.
Jim House, Neptune chief executive, said: “The discovery of hydrocarbons in three separate formations is positive news for Neptune and our partners.
“While analysis of the results is ongoing, the initial findings show significant promise.
“Having acquired our interest in the exciting HPHT Isabella prospect in 2018, the result further strengthens our growing UK portfolio and demonstrates the significant remaining hydrocarbon potential in the region.”
