Offshore staff
LONDON — Shell UK, the operator of licences P2437 and P2252, has confirmed that a rig contract has been signed with Valaris for the drilling of both the Selene exploration well and the Pensacola appraisal well, according to a Deltic Energy news release.
Deltic, which worked up the Southern North Sea Pensacola find, owns 30%, partnered with operator Shell (65%) and ONE-Dyas (5%).
The two wells will be drilled using the Valaris 123, a heavy duty jackup rig, with Selene and Pensacola being drilled as a two-well sequence. The contract and mobilization will begin in June-July 2024.
With Selene and Pensacola being drilled sequentially, this creates the potential for operational efficiencies associated with being part of an extended program of wells, Deltic said.
The geophysical site survey on Pensacola has received permitting approval. Mobilization to the site has taken place, and the survey is expected to last for about one month.
Research from RPS Energy, commissioned by Deltic, said the firm’s share was (NPV10) $205 million based on a combined oil and gas find, and $199 million in a gas-only case.
02.05.2024
