20th Sep 2019 14:08
(Alliance News) - i3 Energy PLC on Friday said the 13/23c-9 pilot well on its Liberator field, located offshore near Aberdeen in the UK North Sea, has now been plugged and abandoned.
The move follows completion of the vertical seismic profile survey and shear wave sonic logging. The processing and interpretation of this new seismic data will be undertaken while i3 is drilling the Serenity SA-01 well, it said.
The oil and gas development company said the Borgland Dolphin rig will shortly be mobilised to drill the Serenity SA-01 well as the second well in the current drilling programme.
Permitting for the SA-01 well is underway and mobilisation operations will commence as soon as the consent to locate permit is obtained from the regulatory authorities, i3 explained. The rig has been down-manned to minimise standby costs.
Once drilling begins, the well is expected to take four weeks.
"Serenity is a high-value exploration target and an exciting opportunity for i3 Energy and its shareholders," said i3 Chief Executive Majid Shafiq. "We look forward to updating shareholders on further progress in due course once the permitting for the Serenity well has been completed."
i3 shares were trading 10% lower in London on Friday at 24.00 pence each.
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