Deltic JV signs rig contract for Pensacola-Selene

Deltic Energy plc said that a rig contract has been confirmed for the Selene exploration and the Pensacola appraisal wells in the southern North Sea.

SCHEDULE

Joint venture partner and operator Shell UK Ltd will drill on licences P2437 and P2252 using the Valaris 123, a heavy duty jack-up rig.

The contract and mobilisation beginning in June-July 2024 will drill the wells sequentially for efficient operations as part of an extended programme of wells.

Pensacola has also received permitting approval for a geophysical site survey expected to last one month, with mobilisation to the site complete.

“Signing of the rig contract coupled with the firming up of the drilling schedule is another important step for Deltic as we move further down the runway towards the drilling of Selene and Pensacola,” said chief executive Graham Swindells.

“Confirmation that the JV has secured a high quality rig, with Selene and Pensacola being drilled back to back, represents another key milestone as we get closer to drilling in what is shaping up to be a very active and exciting year for Deltic.”