LGX Oil + Gas Inc ROAOF

Buzzard

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Interesting to read and compare. Buzzard History Exploration In May 2001, an exploration well was discovered at Buzzard on Block 20/6 in the U.K. Central North Sea, 100 kilometres northeast of Aberdeen. The well, drilled by the semi-submersible rig Ocean Nomad (shown in photo), initially encountered a 400-foot gross oil column, which tested at 6,547 bbl/d and one mmcf/d of gas. A subsequent sidetrack extended the oil bearing sands 4,400 feet to the east and increased the gross oil column to 750 feet. Appraisal Following the discovery, we began an extensive appraisal program. We drilled six additional wells, two sidetracks, undertook two production tests and performed one water production and injection test. We also acquired a full 3-D seismic survey of 305 sq kms over the entire Buzzard area. The exploration and appraisal program discovered a large oilfield located in Blocks 19/5a, 19/10, 20/1S and 20/6, with current estimates of gross recoverable reserves in excess of 550 million barrels and an estimated 1.2 billion barrels of oil in place. This makes Buzzard the largest oilfield development in the UK North Sea in over a decade. Development During the appraisal program, several different concepts for developing Buzzard were considered before the eventual plan to use three bridge-linked platforms was decided upon.