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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Edison RNC | BIT:EDNR | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.855 | 1.855 | 1.88 | 0.00 | 07:27:39 |
From Mar 2020 to Mar 2025
By Nathan Allen
Total SA (FP.FR) said Tuesday that it made a significant gas and condensate discovery on the Glengorm offshore prospect in the U.K.'s North Sea.
Recoverable resources are estimated at around 250 million barrels of oil equivalent, Total said.
Glengorm is on the P2215 license, which was previously part of Maersk Oil's portfolio, and is close to Total's Elgin Franklin field, allowing for potential infrastructure sharing.
The French oil major holds a 25% interest in the Glengorm discovery. China's CNOOC Ltd. (0883.HK) is the operator, with a 50% stake, while a subsidiary of Italy's Edison SpA (EDNR.MI) holds the remaining 25%.
The companies now plan to conduct further drilling and testing to assess the reservoir's productivity.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 29, 2019 02:35 ET (07:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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