By OGJ editors
HOUSTON, Nov. 17 -- Silverstone Energy Ltd., a North Sea exploration and production company, struck natural gas with the 49/21–10A Vulcan East exploration well, drilled to 8,125 ft TD in the southern UK North Sea.
The Vulcan East well discovered an accumulation separate from adjacent Vulcan field, said Silverstone, the operator. The discovery is estimated to contain 150-200 bcf of gas in place in a 345-ft column.
Silverstone and partners, ConocoPhillips and BP PLC, are reviewing the well results to determine the viability of bringing the field onto production. Following evaluation of the Permian Rotliegendes sand reservoir, the well was suspended for possible future use as a development well.
Silverstone of Aberdeen was formed 18 months ago as a 50-50 joint venture between private equity fund Lime Rock Partners and Calgary independent Storm Ventures International Inc.
