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).