E.ON AG (EOAN.XE) said Monday its exploration and production unit has found natural gas in a UK North Sea field, which the German utility jointly owns with Dana Petroleum E&P, a wholly owned subsidiary of Korea National Oil Company.
E.ON AG (EOAN.XE) said Monday its exploration and production unit has
found natural gas in a UK North Sea field, which the German utility jointly
owns with Dana Petroleum E&P, a wholly owned subsidiary of Korea National
Oil Company.
MAIN FACTS:
-E.ON has encountered gas on the UK Tolmount prospect.
-The discovery is located in Block 42/28d in the UK Southern North Sea to the
west of the E.ON-operated Babbage gas field.
-The Tolmount license is operated by E.ON with Dana Petroleum E&P, a wholly
owned subsidiary of Korea National Oil Company, as partner. Both companies have
50 percent in the license.
-The well targeted the Permian Leman Sandstone Formation and encountered a gas
column in excess of 200 feet.
-The well test flowed at a maximum stable rate of 50 million standard cubic
feet of gas per day.
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