The well, in central block 28/9, was drilled directionally with a hole angle up to 64 degrees to a total depth of 5,237ft measured depth (MD).
Initial analysis suggests 135ft of net oil pay over a gross reservoir interval of 135ft, equivalent to 64ft of net vertical oil pay over a gross vertical interval of 64ft true vertical thickness.
The company said that the preliminary log analysis suggests average porosity of 38%, with oil in the range of 80mmbbl-120mmbbl.
The current drilling program on Block 28/9 has been completed and following the completion of this well, the Transocean Galaxy II heavy duty jack-up rig will be demobilized.
EnCore Oil is the operator and hold 15 % stake in the Block 28/9 joint venture partnership, while Premier Oil has 35% , Wintershall (UK North Sea) Limited has 20 % , Nautical Petroleum 15% and Agora Oil & Gas owns 15% .
EnCore CEO Alan Booth said that this is an excellent result and supports the partnership’s geophysical model for the identification of Tay sands over the Burgman structure.
"The confirmation of another important discovery in the license is a fitting end to this phase of drilling," Booth said.
