Ithaca begins drilling third Athena oil well

Ithaca Energy (UK) has begun drilling the 14/18-17 well, its third on the Athena oil project.

Offshore staff

LONDON -- Ithaca Energy (UK) has begun drilling the 14/18-17 well, its third on the Athena oil project.

On March 10,Byford Dolphin spudded a well on Ithaca's 70%-owned block 14/18b to test a potential southern extension of the Athena oil pool. A deviated well will be drilled to a depth of 9,000 ft (3,743 m) TVDSS to test significant potential upside that was identified following 3D seismic reprocessing.

The well will take approximately 30 days to reach the targeted Lower Cretaceous Leek sands, which constitute the Athena field. If successful, the well will be tested and suspended for future production.

03/11/2008

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