The rig has been contracted through AGR Peak Well Management and the expected duration of the well is 24 days excluding mobilisation and demobilisation.
Serica is the operator of Blocks 113/26b and 113/27c and holds a 65% interest. Its partner, Agora Oil & Gas (UK) holds the remaining 35% interest, subject to completion of the farm-out agreement announced on January 20, 2010.
Conan is a Triassic Sherwood sand gas prospect identified on 3D seismic data and covers an area of approximately 28sqkm. It is adjacent to the producing Millom gas field and to the recent Rhyl gas discovery.
Being close to existing gas production infrastructure, a discovery at Conan could be developed relatively quickly, the company said. Conan is believed to be the largest undrilled Sherwood seismic anomaly in the East Irish Sea.
