The Singleton field is located in the Weald Basin, which is operated by Providence, which holds 99.125% with partner Noble Energy holding 0.8725%.
The drilling program consists of the sidetracking of the X9 well to a new and more optimal location together with the addition of two new lateral sections to the currently producing X8x well, potentially providing 350boepd of additional cumulative production.
In addition, the new X9 sidetrack well has been designed for future acid fracture stimulation, thereby providing further incremental production potential. Providence has secured the BDF-28 drilling rig with a planned spud date during the third quarter of 2010.
Tony O’Reilly, chief executive of Providence, said: “Following our highly successful 2009 Singleton drilling program, the 2010 activity is again aimed at materially increasing production rates as well as evaluating the potential of fracture stimulation and multi-lateral well technology.
“This drilling program should not only boost daily production rates by over 40%, but it should also allow us to assess the impact of new production technologies at Singleton which are expected to form the cornerstone of our field redevelopment activities during the coming years.”
