United Kingdom – Tuesday, August 15, 2017:
Azinor Catalyst Limited (“Catalyst”), the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, is pleased to announce that the 14/11a-2 well on the Partridge Prospect, was spudded at approximately 6.30 am on 15 August 2017 using the Ocean Guardian semisubmersible drilling rig. Azinor Catalyst has a 100% Operating interest in the well.
The 14/11a-2 well is expected to take around 30 days to complete and will be drilled to a depth of 2,450m TVDSS. It is then the company’s intention to immediately mobilise the Ocean Guardian to the Viking Graben where preparations will commence to drill a second well, which will appraise the Agar Discovery and includes a sidetrack to test the Plantain Prospect.
The Partridge Prospect’s pre-drill recoverable volumes have been estimated at 119 million barrels oil equivalent in the mid case, with an upside case of 260 million barrels oil equivalent.
Further announcements on the results of the wells will be made in due course.
Nick Terrell, Managing Director of Azinor Catalyst, commented:
“This is an extremely exciting time for Azinor Catalyst as we commence our operated drilling campaign this summer. The high impact Partridge well is our first operated exploration well and a significant milestone for the company. Our focus is now on delivering a safe and efficient operation, working closely with our drilling and service contractors. Once our Partridge well has been completed, we hope to move the Ocean Guardian drilling rig to our Agar discovery where an appraisal well is planned to delineate this high potential accumulation”.
“Both of these wells and plays have huge prospectivity and we look forward to providing further updates on operations in due course.”