Centrica drills for more gas in North Sea Pegasus area

The jackup Noble Julie Robertson has spudded the Pegasus West exploration well in the UK southern gas basin for operator Centrica Energy.

Jul 14th, 2014

Offshore staff

TORSHAVN, Faroe Islands – The jackup Noble Julie Robertson has spudded the Pegasus West exploration well in the UK southern gas basin for operator Centrica Energy.

According to partner Atlanttic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK), well 43/13b-7 is being drilled in 95 ft (29 m) of water in the P1724 license.

The location is 7 km (4.3 mi) west-southwest of Centrica’s 2010 Pegasus North discovery well which was P&A’d in January 2011 after encountering gas in the Carboniferous.

Pegasus West, which also has a Carboniferous target, is close to the producing Cavendish field. The rig should be on location for over two months.

Ben Arabo, Atlantic’s CEO, said: “The well is designed to delineate the extent of the Pegasus field and if successful, to help de-risk any future Pegasus development.”

7/14/2014

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