Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company, has announced that, along with its partners in the Licence, it has entered into a contract with Dolphin Drilling Limited to secure a drilling slot with the Blackford Dolphin semi-submersible rig.
This rig will target the Aragon exploration prospect in the UK Northern North Sea, with this well expected to be drilled Q1 2014.
Bridge has a working interest of 13.5% in the Licence, with MPX North Sea Limited 22.5% (Operator), Agora Oil & Gas (UK) Limited (a wholly owned subsidiary of Cairn Energy plc) 30%, JX Nippon Exploration & Production (UK) Limited 25% and Sorgenia E&P (UK) Limited 9%.
Tom Reynolds, CEO of Bridge Energy, commented:
“We are pleased to have secured this rig slot, which will kick-start our 2014 exploration drilling programme early in the year. The Aragon prospect is located near to the Beryl field and is targeting the Upper Jurassic Heather Sands. At 9mmboe net unrisked potential to Bridge, this UK exploration target provides material upside potential, whilst also demonstrating the depth of opportunities which exist within our portfolio”.