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Deltic Energy plc’s joint venture partner has begun site survey works for the Selene gas exploration well off the northeast coast of England.
Joint venture: will progress well design before scheduled drilling begins in mid-2024 (stock photo)
RIG LOCATION
Operator Shell UK Ltd has mobilised a geophysical site survey vessel to acquire high resolution 2D seismic lines over the proposed well location.
Seismic acquisition is expected to complete before the end of August and data used for the geotechnical survey to help determine the location and placement of the rig.
Deltic estimates Selene to contain gross P50 prospective resources of 318bcf gas with a P90 to P10 range of 132 to 581bcf, and a 70% geological chance of success.
Chief executive Graham Swindells said that the JV would progress well design before scheduled drilling begins in mid-2024.
The company holds a 50% working interest in licence P2437 but will be carried for 75% of drilling and well testing costs on the Selene prospect, up to gross well cost of US$25 million.
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. Milestone: Deltic is closer to drilling in what is shaping up to be a very active and exciting year (stock photo) SCHEDULE Joint venture partner…
Deltic Energy plc has completed its 25% farm-out of southern North Sea licence P2437, containing the Selene gas prospect, to Dana Petroleum (E&P) Ltd. Focus: Deltic is drawing the Pensacola farm-out process to a successful conclusion (stock photo) JOINT VENTURE The prospect holds gross P50 prospective resources of 318 bcf…
Deltic Energy plc and joint venture partner Shell UK Ltd have made the investment decision to drill the high impact Selene gas prospect off the northeast coast of England. Milestone: Deltic holds a 50% working interest in the licence (Deltic Energy) SCHEDULES The company added that the timing of a…
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