Bridge Energy, the Aberdeen-based driller that joined Aim last month, has struck oil for the second time in a week.
The Garantiana well in the Norwegian Sea – which was drilled by Total – has the potential to become a “significant” resource, chief executive Tom Reynolds said.
Bridge was awarded the licence for the well in 2009 and brought in Total as operator last year.
The companies – along with Det and Svenska Petroleum Exploration, which also owns stakes in the well – are waiting for analysis to be carried out on how much oil may be present.
Reynolds said: “Garantiana has the potential to add significant resources to Bridge as an attractive discovery in its own right and has also de-risked several adjoining exploration opportunities on the licence.
“I believe this demonstrates the vision and capability of our Norwegian team, led by Alfred Kjemperud, and look forward to the results of our remaining 2012 well.”
News of the discovery comes days after Bridge announced that its Contender well in the North Sea, which is operated by Taqa Bratani, the Aberdeen-based subsidiary of the Abu Dhabi national energy company, {http://www.scotsman.com/business/energy-and-utilities/bridge-energy-discover-new-reserve-in-north-sea-1-2593252|had also struck oil|link to story about Bridge Energy striking oil at its Contender well in the North Sea}.