EnCore lines up rig to drill Varadero prospect, Catcher appraisal in the UK North Sea

Source: EnCore Oil

EnCore Oil (LON: EO) has signed a rig contract to enable further drilling to take place in UKCS Central North Sea Block 28/9, where the Catcher oil discovery was made in June of this year. 

The Transocean Galaxy II heavy duty jackup drilling rig is expected to return to the Catcher area later this week to drill up to four exploration and appraisal wells. The first well in the program is on the Varadero exploration prospect situated to the west of the Catcher discovery. 

"The team has done a significant amount of work to enable further exploration and appraisal of the block in such a short timeframe,” said EnCore’s CEO Alan Booth. “We remain excited about the upside potential of the Catcher area which we hope will be better understood in the coming weeks and months." 

The equity in the Catcher / Block 28/9 joint venture partnership is as follows: EnCore Oil (15 percent, Operator), Premier Oil (35 percent), Wintershall (20 percent), Nautical Petroleum (15 percent) and Agora Oil & Gas (15 percent).

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs