UK-headquartered and AIM-listed oil and gas company i3 Energy has started drilling an appraisal well in the North Sea with a Stena Drilling-owned rig in a bid to find additional volumes of hydrocarbons beyond those encountered in the original discovery well.
Back in October 2019, i3 Energy mapped and drilled the Serenity 13/23c-10 well using the Dolphin-Drilling-owned Borgland Dolphin rig. Since then, the firm has taken several steps to search for more hydrocarbons.
With this goal in mind, i3 Energy entered into a contract with Petrofac Facilities Management for well engineering, operations management and operator services for the drilling of the Serenity appraisal well. Due to Petrofac’s existing contract with Stena Drilling for the use of the Stena Don rig, the company secured a well slot in late May 2022 for the drilling of the appraisal well. The rig’s contract with i3 Energy was expected to start between 15 August and 15 September 2022.
Earlier this week, i3 Energy disclosed that the Stena Don dynamically positioned 5th generation semi-submersible drilling rig had arrived on location and was preparing for the spudding of the SA-02 appraisal well , expected to occur later in the week.
In an update on Thursday, i3 Energy announced the spud of the Serenity appraisal well in Block 13/23c. This drilling programme is expected to last approximately 30 days . The company’s partner, Europa Oil & Gas also confirmed the spud of this appraisal well in a separate statement, adding that the well would be plugged and abandoned after the completion of all drilling operations.
As a reminder, i3 Energy and Europa Oil & Gas completed a farm-in agreement (FIA) in August 2022 for a sub-area of i3’s UK Seaward Production Licence P.2358, containing the Serenity oil discovery in the North Sea, which was announced in April, following the agreement in principle that the two UK players reached in March 2022.
Europa holds a 25 per cent non-operated working interest in a sub-area of UKCS Licence P.2358 in Block 13/23c, while i3 acts as the operator with a 75 per cent operated interest in the New Serenity Block and a 100 per cent interest in the remainder of Block 13/23c which contains the Minos High prospect and Liberator discovery .