Recently the company completed evaluation of available/capable deepwater rigs via a tender process. In line with EU procurement rules, the company has now issued a letter of intent to the leading contender, and hopes to finalize a contract over the coming weeks.
The well will be drilled in frontier exploration license 2/14 in the southern Porcupine basin, 220 km (137 mi) offshore in around 2,250 m (7,382 ft) of water.
This contains the Palaeocene Druid and Lower Cretaceous Drombeg exploration prospects.
