Bagpuss not so saggy for North Sea firm Premier Oil

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

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

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”.

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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.

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

“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 1981 discovery well results suggests that the Bagpuss and adjacent Blofeld prospects could contain up to 2 billion barrels of oil.

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