Serica starts drilling Conan natural gas prospect in the East Irish Sea

Source: Serica

Serica Energy commenced drilling the Conan exploration well in Block 113/26b in the East Irish Sea on May 10.

The Conan exploration well will be drilled by the Ensco 80 jackup drilling rig to a depth of approximately 5,000 feet and is anticipated to take approximately 24 days to drill.

The Conan prospect is believed to be the largest undrilled Sherwood Sand seismic anomaly in the East Irish Sea. Conan is a significant Triassic Sherwood Sand gas prospect identified on 3D seismic data and covers an area of up to 28 square kilometers in Blocks 113/26b and 113/27c.

It is adjacent to the producing Millom gas field and to the recent Rhyl gas discovery. Being close to existing gas production infrastructure, a discovery at Conan could be developed relatively quickly.

Following the farm out announcement on January 20, 2010, Serica retains a 65% interest in Conan with 70% of the well costs being funded by its partner, Agora Oil and Gas, which will earn a 35% interest. Serica is operator of Blocks 113/26b and 113/27c.

“We are delighted to have commenced drilling at Conan, a large gas prospect off the west coast of England, about 50 kilometers northwest of Blackpool and within 10 kilometers of the Morecambe gas field,” said Paul Ellis, chief executive of Serica. “Conan is the first well in the Company’s exciting 2010 exploration program.”

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