Catalyst signs agreements with two contractors on UK North Sea exploration drilling

Azinor Catalyst has committed to drill two exploratory wells in the UK central North Sea next year, as part of a planned three-well campaign.

May 9th, 2019

Offshore staff

LONDONAzinor Catalyst has committed to drill two exploratory wells in the UK central North Sea next year, as part of a planned three-well campaign.

The company has signed a letter of intent with Maersk Drilling to manage the campaign under the latter’s master alliance agreement with Seapulse. Catalyst expects to finalize a fully integrated agreement for Maersk Drilling to provide end-to-end drilling services for all three wells soon.

In addition, the company has signed farm-out agreements for drilling of the Boaz and Hinson wells and talks continue on the other well on the Goose prospect.

Catalyst has defined and de-risked all three targets using broadband seismic data and quantitative geoscience techniques. It estimates potential combined resources of 495 MMboe.

05/09/2019

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