BRIDGE Resources, the Denver-based oil and gas operator which focuses wholly on the UK North Sea, held a reception in the Marcliffe Hotel, Aberdeen, last night to mark its success in bringing the southern North Sea gas field Durango into production at the end of November.
Chief executive Ed Davies thanked subcontractors through whom Bridge operates for bringing its first North Sea field on stream.
It has proved and probable reserves of 36.7billion cubic feet (bcf) of gas and 950,000 barrels of condensate.
Bridge, which has a small office in Aberdeen with just one member of staff, has a 100% working interest in 12 licences over 17 southern North Sea blocks and a 50% working interest in one other licence on one block.
It plans to drill two exploration wells this year on blocks 43/24b and 47/20a and a development well is also planned on block 48/24a subject to conclusion of an acquisition and field-development approval. The three wells are targeting an estimated 300bcf of gas.
Bridge, which also has six central North Sea blocks, plans a 2009 exploration well on block 16/16b: a high-potential oil prospect targeting 180million barrels. All three wells planned for 2009 will be drilled in the second half.
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