LONDON -- Venture Production expects to drill the first two exploration wells on acreage in the southern North Sea during the second half of 2008 and into 2009, acquired as part of the WHAM Energy acquisition in 2007.
Venture has contracted the jackupENSCO 92 to drill the Carna exploration prospect block 43/21 during late 2008. The jackup Noble Julie Robertson is anticipated to drill a well on the Hypnos exploration prospect in block 48/3 in late 2008 or early 2009. During the first half of 2009, the company also plans to drill an exploration well on the Andrea prospect located in block 48/15b in the A fields area.
The company has also scheduled a two-well appraisal program for the Cygnus discovery in blocks 44/11 and 44/12 for late 2008 and into 2009. The appraisal program is designed to firm up the long-term development of this large accumulation, which contains approximately 1 tcf of gas in place.