Exploration firm EnCore Oil has announced that its Catcher prospect, off the east coast of Scotland, may hold up to 300 million barrels of oil—about 150 million of which is extractable.
EnCore is the operator of the Catcher joint venture and holds a 15 per cent stake. Premier Oil holds 35 per cent; Wintershall (UK North Sea) holds 20 per cent; Nautical Petroleum has 15 per cent; and Agora Oil & Gas holds a 15 per cent stake.