Siccar Point Energy Spuds Exploration Well

UK-based Siccar Point Energy has begun its 2019 drilling campaign by spudding an exploration well at the Blackrock prospect.

Blackrock targets multiple reservoirs similar to the ones underlying the neighboring Rosebank field. If successful, the Blackrock prospect will add substantial resources and de-risk a portfolio of other exploration prospects in the region.

 “Blackrock is a very important prospect within our Corona Ridge acreage and we are pleased to have progressed to the exploration drilling stage,” Siccar Point CEO Jonathan Roger said in a company statement. “We have a very exciting 2019 in front of us with two material exploration wells to drill and progressing the Cambo development forward to project sanction.”

Siccar Point’s 2019 drilling campaign is expected to take five months. The company is using Diamond Offshore’s Ocean GreatWhite semisubmersible rig.

Siccar Point will progress exploration drilling at the Lyon gas prospect, which had been previously deferred, immediately following the Blackrock well.