The prospect is estimated to contain 100 million barrels of recoverable oil. The prospect is located just north of the Bream and Brisling discoveries and is part of the same play.
According to the company, the controlled source electromagnetic survey (CSEM) data will now be processed and interpreted in Rocksource’s proprietary software. The results will then be integrated with other geological and geophysical data to support the decision to move on to the next phase of the work program.
Ole Ostvedt, Rocksource’s business unit manager for Norway and UK, said: This is an exciting opportunity with a significant value potential for Rocksource. Given an encouraging outcome we will pursue this through an aggressive exploration program. Rocksource has already secured a drilling rig which can be used for drilling an exploration well on Cyclops.
