Bagpuss not so saggy for North Sea firm Premier Oil

Premier Oil said the well had shown 'significant' volumes of oil. Picture: Contributed

Premier Oil said the well had shown 'significant' volumes of oil. Picture: Contributed

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The name may be familiar to television viewers of a certain age as a “saggy old cloth cat”, but a North Sea well called Bagpuss could contain “significant” amounts of heavy oil.

North Sea producer Premier Oil today said a well at the Bagpuss prospect in the Outer Moray Firth encountered 41 feet of hydrocarbon-bearing sands, “in line with pre-drill estimates”.

Bagpuss, the 'saggy old cloth cat', was a 1970s TV star. Picture: PA

Bagpuss, the 'saggy old cloth cat', was a 1970s TV star. Picture: PA

READ MORE: Premier Oil sells Norwegian arm for $120m

The well is now being plugged and abandoned, but Robin Allan, director of exploration and North Sea at Premier, said: “The Bagpuss well has proven a significant volume of oil in place.

“We will now work with our partners to carry out a full analysis of the hydrocarbons and reservoir encountered to ascertain whether commerciality can be established.”

According to Premier Oil’s website, analysis of discovery well results from 1981 suggests that the Bagpuss and adjacent Blofeld prospects could contain up to two billion barrels of oil.

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