LONDON -- An exploration well in central North Sea's Guinea prospect of block 15/13b is expected to spud in mid-November.
With Nexten Petroleum UK as operator, the BorgstenDolphin has a contract to drill the well.
The Guinea prospect is a four-way dip closed Palaeocene structure on-trend with producing fields such as Balmoral and Dumbarton. Nexen drilled the Yeoman discovery on the neighbouring block 15/18b to the south in 2005.
Under the terms of the farm-in, Elixir Petroleum will retain a 13.125% interest in the block with its share of well costs being funded by Nexen and Gas Plus Italiana SpA.