Blackrock hits oil West of Shetland
Siccar Point Energy has announced that the Blackrock exploration well, 204/5b-2, has encountered oil in a number of thin sandstones, though it has not been declared commercial. The prospect sits on the Corona Ridge between the Cambo and Rosebank fields and was targeting 200mmbbls in the Paleocene Flett reservoir, which rests on the volcanics of the Colsay Member. Gas was also encountered in the overlying Hildasay member. The well was the first to test the additional potential of Siccar’s acreage around its Cambo field, which it estimates could be up to 1.5bnbbls.
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Plenty of action for Hurricane on Lancaster EPS
Since our most recent note on Hurricane Energy, ‘Lancaster EPS on track and on budget’ activity has continued at pace for the company as it remains on track for first oil in H119. Last week the offshore installation phase of the Lancaster EPS commenced with the installation of the Enhanced Horizontal Xmas Trees on the two existing wells, 6 and 7z, completed by the Far Superior offshore construction vessel. In addition the Lancaster EPS buoy departed from Drydocks World in Dubai on the Jumbo Kinetic vessel and is scheduled to arrive in Lerwick in the Shetland Isles by the end of June, allowing installation of the turret mooring system for the Aoka Mizu FPSO to take place on schedule by the end of Q318. Meanwhile, we expect that re-entry and completion operations on the 6 and 7z wells will commence imminently, since the Paul B Loyd Jr rig is now on location. The activity will provide plenty of opportunities for those who like to track vessel movements.
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