The Isabella exploration well spudded in mid-October 2019 and in March 2020 was announced as a discovery with hydrocarbons encountered in the Upper Jurassic and Triassic sandstone reservoirs.
The discovery is a high-pressure, high-temperature discovery in a location close to existing infrastructure. Further analysis of the well results will be performed by the licence operator, Total E&P North Sea UK Limited, to determine future appraisal activity and recoverable resource estimates. The well has been plugged and abandoned.
Energean holds 10% W.I., Neptune holds 50% W.I., Total holds 30% W.I. and Delek Group (via Ithaca) holds the remaining 10% W.I.