Enterprise drills another successful well off Ireland

UK independent Enterprise Oil PLC, together with partners Statoil Exploration (Ireland) Ltd. and Marathon International Petroleum Hibernia Ltd., drilled a third successful appraisal well in Ireland's Corrib offshore gas field. Enterprise also announced the appointment of a new managing director at its Dublin-based subsidiary, Enterprise Energy Ireland Ltd.


UK independent Enterprise Oil PLC, together with partners Statoil Exploration (Ireland) Ltd. and Marathon International Petroleum Hibernia Ltd., drilled a third successful appraisal well in Ireland's Corrib offshore gas field. Enterprise also announced the appointment of a new managing director at its Dublin-based subsidiary, Enterprise Energy Ireland Ltd.

The appraisal well, 18/20-3, was drilled in the Slyne Trough about 70 km off the west coast of Ireland. On test, it flowed at rates as high as 60 MMcfd and will be suspended as a potential producer. Another well will be drilled in the field this summer, says Enterprise.

Chief Executive Pierre Jungels said, "This third successful test is an important milestone in the process of confirming the commerciality of the Corrib field. The project is on schedule, and we anticipate seeking project sanction in December, when there will be a clearer picture of the engineering and commercial aspects of the project."

The Corrib gas field was discovered in 1996 and was the first significant find off Ireland since Kinsale Head in 1973.

Meanwhile, Enterprise announced the appointment of a new managing director for its Irish activities. Current Managing Director John McGoldrick will relocate to Houston in August to become president of Enterprise Oil Services Inc. Brian O'Cathain, currently general manager, corporate development, in Enterprise's London office, will replace McGoldrick as managing director of Enterprise Energy Ireland.

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