Deltic Energy and Shell have reached what they describe as an “important milestone” ahead of drilling the Pensacola North Sea prospect.
Site survey work over the prospect in the Southern North Sea and the well is scheduled to be drilled in Q2 2022.
London-listed Deltic Energy (LON:DELT) said that Shell has also confirmed that a rig is available to drill Pensacola.
Deltic chief executive Graham Swindells said: “The successful completion of the site survey programme, which is a key part of well planning and the final phase of preparatory offshore activities, represents the achievement of another important milestone in our steady progress towards drilling the Pensacola prospect.”
Shell took a 70% operated stake of the licence, P2252, in 2019 as part of a farm-in agreement.
The British-Dutch giant agreed to pay 100% of the costs of the work programme, up to the point of a well investment decision being made.
Deltic has a 30% working interest in Pensacola.