Wednesday, August 6, 2008

BP news-Kinnoull North Sea Oil Discovery

Release date: 21 May 2008
BP and its co-venturers, ENI UK Ltd and Petro Summit Investment UK Ltd, today announced an oil discovery in North Sea Block 16/23s, some 230 kilometres north-east of Aberdeen, to be named Kinnoull
BP and co-venturers are now evaluating the Kinnoull discovery and potential development options, including a subsea development tied back to BP’s Andrew field which is located around 25 kilometres to the south.

Dave Blackwood, head of BP’s North Sea business, said, “Discoveries like Kinnoull are important additions to our strong resource base in the North Sea. We will now evaluate development options, looking to take advantage of the existing infrastructure in the area.”

Kinnoull is BP’s second operated exploration success this year in the UK Continental Shelf, following the discovery of the South West Foinaven field, west of Shetland, in January.
Notes to Editors
Participants in Kinnoull are BP (77.07%), ENI UK Ltd (16.67%) and Petro Summit Investment UK Ltd (6.27%).

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