Canadian Overseas Petroleum Limited (COPL) announces that drilling activities have begun in the Bluebell exploration prospect that spans Blocks 15/24c and 15/25f in the UK Central North Sea.
Bluebell is a prospect situated near Premier’s producing Brenda field.
Premier Oil plc is the operator of the block and is using Transocean’s Sedco 704 semi-submersible drilling rig for the well. COPL has a farm-in agreement whereby it will pay 66.67% of the costs to drill one Paleocene Forties well to earn a 40% equity interest. The well is expected to take approximately 30 days to drill.
COPL is an oil and gas exploration company focused in the UK North Sea, and the offshore West African continental margin.
[mappress] Offshore Energy Today Staff, February 28, 2012