Azinor Catalyst spuds 9/14a-16 well on the Agar Plantain prospect
LONDON -- Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, has announced that the 9/14a-16 well on the Agar Plantain prospect, was spudded on Aug. 24, 2018, using the Transocean Leader drilling rig. Azinor Catalyst has a 25% operating interest in the sole risked well with Nautical Petroleum, a wholly owned subsidiary of Cairn Energy PLC, (50% WI), and Faroe Petroleum PLC (25% WI subject to regulatory approvals).
The 9/14a-16 well is expected to take approximately 28 to 38 days to complete and will be drilled to a depth of 1,845 m TVDSS. The Plantain exploration prospect will be drilled first followed by a contingent sidetrack to appraise the Agar discovery.
The Agar Discovery was made in 2014 with the 9/14a-15A exploration well, which encountered a 33-ft column (oil-down-to) in high quality Eocene Frigg Formation sands. Agar and Plantain have estimated combined mid-case resources of 60 MMboe, with an upside case of 98 MMboe.
