The jackup Maersk Resilient will likely spud the well in July after completing its current campaign. If the well is successful, the program could last two months, including full coring and testing.
In addition, IOG is negotiating with Halliburton Manufacturing and Services to provide offshore drilling services for the well, which will be operated by Fraser Well Management.
Fugro GB Marine conducted geophysical and geotechnical surveys over the planned well site late last year.
IOG will look to confirm resource volumes in the range of 85-199 bcf, and it estimates a 63% geological chance of success for the well.
Pre-stack depth migration (PSDM) 3D seismic reprocessing in 2018 also revealed other potential prospects in the Harvey and Harvey East licences that could be drilled at some point as step-out exploration opportunities from a future Harvey field platform.
Assessment continues of the Redwell discovery on the Harvey East license.
At the same time, the company is working on farm-out deals for its core gas field hub projects in the same region. It expects to select a preferred partner before mid-year.