Kistos Holdings plc expects “sub-commercial” gas from a discovery from the Benriach exploration well in the Greater Laggan Area, west of Shetland.
VOLUMES
Kistos holds a 25% non-operated working interest in licence P2411 with operator TotalEnergies (50%) and Rockrose Energy (25%).
The Transocean Barents rig mobilised from Olen and spud the well on 21 March, reaching a total measured depth of 4,400 metres before acquiring extensive data.
“The well encountered gas bearing sands in the target Royal Sovereign formation,” said Kistos.
“However the discovered resource is expected to be sub-commercial.”
TotalEnergies will analyse the data which includes rotary sidewall cores, full wireline coverage, live pressures and fluid samples.
“Kistos remains committed to bringing additional gas volumes through the Shetland gas plant to add shareholder value and contribute towards domestic energy security,” added executive chairman Andrew Austin.
The company said the exploration well was drilled ahead of schedule, with the final cost expected to be within previous guidance.