BP started a new exploration phase in southern North Sea

BP yesterday announced in a press release that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region.
The well, being drilled with partners Perenco and Premier, will test the potential of a deep carboniferous age horizon several hundred metres beneath the mature reservoirs produced by the Ravenspurn ST2 platform.
During the drilling and testing phase, Perenco – as operator of the existing producing Ravenspurn field – will act as substitute operator on behalf of BP and the other licence owners.
BP holds an 85% equity stake in the prospect alongside licence partners Perenco (10%) and Premier (5%).