Source Pravda.Ru

EnCana Have Plans With UK

EnCana Corporation and its partners in the U.K. North Sea Buzzard light oil discovery are moving to development planning following their successful appraisal program.

In the U.K North Sea, EnCana and its partners recently completed drilling three appraisal wells, 20/1-3, 20/1-4 and 20/6-6. Two of the wells - 20/1-3 and 20/6-6 - encountered oil-bearing sands and confirmed the nature and extent of the Buzzard field. Well 20/1-4, an additional well to the original program, established a significant oil-bearing reservoir section within block 20/1 of Licence P928 (South). EnCana has now drilled eight appraisal wells and sidetracks into the Buzzard structure since its discovery in June 2001.

Information gained from this appraisal campaign has expanded the operator's current estimate of oil-in-place to between 800 million and 1.1 billion barrels. Further study and analysis of the appraisal data is ongoing which will more accurately establish total oil-in-place and potential recoverable reserve figures, as well as commencing unitiation of the field between P986 and P928 (South). A program to evaluate nearby exploration and satellite development potential is also underway.

EnCana and its partners have now commenced acquisition of a 3D development seismic survey over the field area. Field development work is underway on several fronts.

The Buzzard discovery well, 20/6-3, was drilled on EnCana operated License P986 in the summer of 2001 and is located 100 kilometers northeast of berdeen. EnCana and its partners were awarded License P986 in the U.K. 18th Licensing Round in late 1998.

Interest owners in License P986 are EnCana (Operator) 45.01 percent; Intrepid Energy North Sea Ltd., 30.00 percent; BG Group, 19.99 percent; and Edinburgh Oil & Gas PLC, 5.00 percent. Interest holders in Licence P928 (South) are EnCana (Operator), 35.29 percent; Intrepid Energy North Sea Ltd., 29.41 percent; BG Group, 29.41 percent; and Edinburgh Oil & Gas PLC, 5.88 percent. Visit to

&to=http://www.encana.com/' target=_blank>EnCana

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