BP said that the exploration well 204/23-2 was drilled using drilling services provider Transocean’s Paul Loyd Junior semi-submersible drilling rig. Located 11 kilometers south-west of the Foinaven floating, production, storage and offloading (FPSO) vessel, the well reached a total depth of 2,528 meters below sea level.

BP, together with its partner, is now evaluating the discovery and the potential for a two well subsea development, tied back to the Foinaven FPSO.

License P1263, comprising parts of blocks 204/23 and 204/24 was awarded to BP for a 72% operatorship stake and Marathon Oil with a 28% stake.

Dave Blackwood, head of BP’s North Sea business, said, Discoveries like this are key to the future of the North Sea and, combined with continuing investment in brownfield development, will make best use of the existing offshore infrastructure. BP is always looking for new opportunities to invest, particularly around our existing acreage to extend the life of the North Sea.