Statoil spuds Verbier wildcat in the North Sea

The semisubmersible Transocean Spitsbergen has spudded the Verbier well in UK central North Sea license P.2170 for operator Statoil.

Offshore staff

LONDON – The semisubmersible Transocean Spitsbergen has spudded the Verbier well in UK central North Sea license P.2170 for operator Statoil.

Partner Jersey Oil & Gas says well 20/05b-13 could be followed by a side track, depending on results, in which case drilling could last up to 70 days.

Statoil has agreed to fund all costs up to $25 million for the well, with JOG also benefiting from a further cash carry of 10% of well costs from co-venturer CIECO Exploration and Production (UK).

Andrew Benitz, CEO of Jersey, said: “TheVerbier prospect is estimated to have mean prospective resources of 162 MMboe…”

COO Ron Lansdell added: “Success at Verbier could provide significant impetus for potential future exploration of the neighboring Cortina prospect within the P.2170 license area.”

08/14/2017

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