Corallian to use Ensco jack-up for UK well duo

One of Ensco's jack-up drilling rigs (For illustration only)

UK-based Corallian Energy has entered into a letter of intent with drilling contractor Ensco for the provision of a jack-up drilling rig to drill its Colter and Wick wells offshore the UK.

The Colter and Wick wells are located in licenses P1918 (UKCS Block 98/11a) and P2235 (UKCS Block 11/24b), respectively. Corallian is the operator of both licenses.

Corallian Energy explained on Monday that, within the letter of intent, the parties have agreed, subject to approvals and consents, headline terms for a suitable unit to conduct drilling operations in the third or the fourth quarter of 2018.

The P1918 license contains the Colter oil discovery located 2 kilometers south of the Wytch Farm onshore oilfield. Colter was originally drilled by offshore well 98/11-3 in 1986 which recovered oil on test from a 10.5 meters oil column within the Triassic Sherwood Sandstone, the main reservoir at Wytch Farm.

Recently merged and reprocessed 3D seismic data has identified potential up-dip of the discovery well. Should the well be commercially successful, development would be via extended-reach wells from onshore as per Wytch Farm.

The  P2235 license contains the Wick prospect, a fault bounded trap with Jurassic sandstone reservoirs lying up-dip of the spill point of the Lybster oilfield in the Inner Moray Firth Basin.

United Oil & Gas, Corallian’s partner in the Colter license, said on Tuesday that owing to the fact that the well target is in shallow water, it enables the use of an offshore jack-up rig, keeping costs to a minimum.

United estimates its share of drilling costs to be under £1 million ($1.35M).

Brian Larkin, CEO United Oil and Gas, said: “The Colter Well will be drilled up-dip of an existing discovery in an established oil region. The addition of an excellent drilling partner, Ensco UK, will further strengthen our chances of success.”

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply