Xtract Energy PLC today provided an operational update ahead the commencement of Chevron’s drilling operations offshore The Netherlands.
As previously announced Chevron intends to drill the P2-10 well on the P2 block using the ‘Noble Byron Welliver’ jack up drilling rig. The P2-10 appraisal well targets an existing gas discovery on the P2 block and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended reach horizontal well within the Rotliegendes sandstone reservoir. Xtract has an overriding royalty arrangement of up to 5 per cent of sales value from Chevron and TAQA’s share of gas delivered into the Dutch National Transmission System and condensate delivered onshore.
Noble Byron Welliver jack-up rig is now being prepared for towing to the P2-10 drilling location, after it has completed its drilling program in the northern offshore sector of the Dutch North Sea. It is anticipated that the P2-10 appraisal well will be spud around the start of December 2011, and the operations are expected to take up to 100 days, read the release on Xtract Energy’s website.
[mappress] Offshore Energy Today Staff , November 24, 2011;