The West Newton joint venture will in the next few weeks start onshore drilling operations following positive test results at the site in the East Riding of Yorkshire.
JOINT VENTURE
The operator is Rathlin Energy UK Ltd who in 2008 applied for a licence to explore for oil and gas in east Yorkshire.
The JV comprises Reabold Resources with 56% economic interest via its 59% share in operator Rathlin Energy, which has a 66.67% in PEDL183.
In addition, Reabold has a 16.665% direct licence interest in PEDL183, and Union Jack Oil plc also owns a 16.665% economic interest.
SIGNIFICANT
UJO said it had received positive results on operations and testing at its West Newton B-1 (WNB-1) appraisal well, and the completion of the extended well test at the West Newton A-2 (WNA-2) discovery well.
A combined testing programme at both WNB-1 and WNA-2 will follow WNB-1 drilling.
“The WNB-1 well has the dual objective of appraising the significant discovery made in the Kirkham Abbey formation, as well as evaluating the deeper and potentially substantial Cadeby prospect, in a more optimal location than was encountered at the WNA-2 well,” said UJO.
“Mobilisation of the geotechnical rig to drill the initial 80 metres of the well bore is anticipated within the next few weeks.
“This will be followed by the main drilling rig which will drill and case the well to approximately 2,100 metres.”
Pre-construction works began during April 2020, with land drainage installed and two water monitoring boreholes drilled, with baseline sampling presently underway.
Site works began in late May 2020 with a full archaeological strip, map and record study.
Evaluation of the WNA-2 open hole data identified an estimated gross hydrocarbon column of approximately 65 metres in the Kirkham Abbey formation.
MOBILISATION
Rathlin said that a large oilfield drilling rig would drill the main borehole over six to ten weeks.
The company’s base case estimates are of 146.4 million barrels (mmbbl) of oil initially in-place (OIIP) and 211.5 bcf of gas initially in-place (GIIP), and Upside Case of 283 mmbbl OIIP and 265.9 bcf GIIP.