WOKING, UK -- Valiant Petroleum has spudded its latest operated well in the UK North Sea, on the Viola North prospect in license P1629, block 30/18b.
The jackup Ensco 100 is drilling the well, which should take around 60 days to reach its target depth of 15,750 ft TVD subsea (4,800 m).
Viola North is a mapped three-way dip and fault-controlled structural trap in the Fulmar sand formation. The well targets reserves in the range 63-191 MMboe. The location is in the central North Sea, near the producing Janice, Medwin, Clyde, and Fulmar fields.
Subsidiary company Valiant Exploration operates the block with a 50% interest following a partial farm-out to Apache North Sea, under which Apache agreed to pay 75% of the well costs for a 50% stake in the prospect, subject to a cap on the promoted costs.
Apache will also participate in a second exploration well (likely on the Viola South prospect), if approved by the operating committee, on the same terms. And in the event of a commercial development, Apache could take over as operator.
Valiant tunes into Viola
Valiant Petroleum has spudded its latest operated well in the UK North Sea, on the Viola North prospect in license P1629, block 30/18b.