VNG to use Transocean Arctic for Pil sidetrack well drilling

Rocksource ASA has announced that drilling of the Pil sidetrack well, 6406/12-3 B, in PL 586 has started.

The preliminary estimate by the Operator VNG Norge AS for the size of the Pil discovery is between 8 and 27 million Sm3 recoverable oil equivalent (50 to 170 million barrels oil equivalent). The discovery well (6406/12-3 S) has been plugged back to the 20 inch casing shoe from where the sidetrack starts.

The sidetrack is targeted down-dip of the discovery well and its main objectives are to prove the lateral extent of the Pil reservoir, narrow the volume range and test the upside within the closure.

The sidetrack will be drilled using the drilling rig Transocean Arctic. Drilling is expected to take approximately 30 days.

Rocksource Exploration Norway holds a 15 percent interest in PL 586. Partners are VNG (Operator) with 30 percent, Spike Exploration 30 percent and Faroe Petroleum 25 percent.

Press Release, April 28, 2014

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