Oilexco ups UK drilling tempo

Oilexco plans to drill a total of nine exploration, development, and appraisal wells in the UK North Sea during the second half of 2007.

Offshore staff

ABERDEEN, UK --Oilexco plans to drill a total of nine exploration, development, and appraisal wells in the UK North Sea during the second half of 2007.

The exploration targets are the Constance prospect in block 21/23a, on trend with the company's Sheryl Paleocene Forties oil accumulation in the same block; Coronado and Morro in block 22/13b, east of the company's recent Huntington oil discovery; and Moth in block 23/21.

Oilexco also plans appraisal wells on Huntington and Kildare, and on Ptarmigan and Shelley, both probable development projects. In July, the company secured an oil and gas production license on block 22/23a, adjoining the Shelley block to the west. Drilling in this acreage will allow it to define Shelley's ultimate extent.

TheOcean Guardian, one of two semisubmersibles under long-term contract to Oilexco, is performing this work via high-angle well bores drilled from a surface location at the boundary between the two blocks. More surface locations may be needed to access Shelley's ultimate boundaries.

08/13/2007


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