Chestnut field could get reserve boost

The UK Chestnut field in the central North Sea could get a significant boost in reserves, according to one of the companies involved in the development.

Atlantic Petroleum says it has spudded the 22/2a-16 South Chestnut appraisal well on UK Licence P354, operated by Venture Production.

“This well could potentially add significant reserves to the Chestnut Field,” Atlantic said in a statement.

Atlantic said that, additionally, the Dunmore 50/6-4 appraisal well was spudded on Celtic Sea licence SEL 2/07, operated by Providence.

“The well could prove up resources updip of a discovery,” Atlantic added.

The South Chestnut well lies in a water depth of around 395 feet and is 950 metres from the 22/2a-12 well drilled in 2006.

It will target the Eocene Nauchlan sand in the south western portion of the field. The well is being drilled by the Noble Ton Van Langeveld semisubmersible rig and operations are expected to take approximately 50 days.

Atlantic says that of the well comes in as expected, the South Chestnut well will be brought on stream soon after the well has been completed.

Partners in this licence are Venture Production (operator) with 69.88 percent, Bow Valley on 15.12 percent and Atlantic Petroleum with 15 percent.