UK: WilHunter Ready to Spud Timon Well

The WilHunter semi-submersible drilling rig, owned by Awilco Drilling, has arrived on location to drill the Timon prospect (Valiant, 10%) located in the UK Northern North Sea in Blocks 211/11b and 211/16b, reports Valiant Petroleum.

The well is expected to spud within the next few days and take approximately 40 days to complete.

Timon is an Upper Jurassic channelised sand play similar to the Cladhan and Tybalt discoveries also located in the UK Northern North Sea. Gross best estimate prospective resources are estimated by Valiant to be 30 million barrels of oil equivalent (net 3 mmboe).

The partners in license are MPX North Sea Limited (operator, 15%), Agora Oil & Gas (UK) Limited (25%), Taqa Bratani Limited (18%), Wintershall E&P Limited (17%), Sorgenia E&P (UK) Ltd (15%) and Valiant Exploration Limited (10%).

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Offshore Energy Today Staff, May 4, 2012