The license is located on the Nordland Ridge on the rim of the Helgeland basin, east of the Norne field.
The Craigellachie prospect is estimated to contain mean un-risked resources of 140 million barrels of oil equivalent.
The CSEM acquisition is part of the firm work programme. The data will now be processed and interpreted and the results will be integrated with other geological and geophysical data to support the decision to move on to the next phase of exploration.
Gregor Maxwell, chief operating officer said: The survey was completed on schedule, within budget and with no HSE incidents. A positive result from the analysis of the data will be very encouraging and enable the partnership to accelerate the drill or drop decision. We believe that screening prospects with CSEM is an efficient strategy for generating high quality drillable prospects.”
