Source: Nautical Petroleum
Nautical Petroleum (AIM:NPE) has signed a rig contract with Awilco Drilling Limited for the next drilling activity on the Kraken discovery in UKCS Block 9/2b.
The WilHunter semisubmersible rig has been engaged to drill a horizontal appraisal well and carry out a production test during the summer 2011.
The key purpose of the well will be to prove a commercial flow rate and gather further information on reservoir quality and distribution, within the core area of the field. Assuming success, the well will be suspended such that it can be used as a future development well.
Nautical holds a 35% equity share in North Sea Block 9/2b and is the operator.