The contract also includes the provision of the semi-submersible drilling rig, WilPhoenix, for the drilling of two wells within the Greater Fyne area in the North Sea.
Both wells are scheduled to be drilled mid year 2011 that is expected to take 50 days.
The first well will target the Jurassic Fulmar formation at approximately 10,400ft true vertical depth (TVD) on the West Teal prospect, Block 21/24b (Antrim 100%).
The West Teal prospect has a light oil target (37 degrees API) delineated by 3-D seismic and a previous discovery well drilled in 1991.
The original discovery well encountered a gross oil column up to 140ft thick in the Fulmar formation but was abandoned after mechanical problems while conducting a cased hole test.
The second well is expected to target the Eocene Tay formation at a depth of approximately 6,000ft on the Carra prospect, Block 21/28b (Antrim 100%).
If successful, a discovery on either of these prospects will add significant resources to the scheduled development of the Fyne field, located 3km to the northwest of Carra.
