Enegi to weigh up Phoenix viability

Phoenix: Enegi Oil and Azimuth plan to incorporate their findings on Block 22/12b to determine the viability of further appraisal and development of the Phoenix discovery

SCANPIX

related stories

Danica Newnham

 22 March 2013 09:49 GMT

UK-listed Enegi Oil said it has completed 250 square kilometres of required 3D seismic data over its Block 22/12b in the UK North Sea and is now carrying out analyses to determine recoverable reserves for the Phoenix discovery

The company said on Friday it had started performing in-house interpretation, subsurface analysis and reservoir modeling to determine the full range of recoverable reserves for the discovery, which was made in 2004 by a Shell-operated well.

Enegi operates Block 22/12b in partnership with ABTechnology. Bermuda-registered Azimuth entered a farm-in agreement with Enegi in February to earn a 50% stake in the exploration area of the block (not covering the Phoenix discovery).

Enegi planned to incorporate its findings from the 3D data with an analysis currently being carried out by Azimuth in order to…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index