Hope for Glengorm discovery remains despite initial appraisal setback, analyst says

The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.

Dave Moseley, senior analyst at Westwood Global Energy Group, said a second appraisal well on the Glengorm field “arguably” had a greater chance of finding commercial volumes than the first.