Andrew Austin’s new venture Kistos has successfully drilled a North Sea well.
Borr Drilling’s Prospector-1 jack-up drilling rig has spudded the Q11-B appraisal well in the Dutch North Sea.
It is expected to take a minimum of 6 weeks to drill and test.
Kistos intends to suspend the well for future use in a Q11-B development, and has estimated 2C resources for this accumulation of between 67 – 155 billion cubic feet (bcf) net.
The figures were independently audited by Sproule and will be refined following review of all the data from the forthcoming well.
Kistos operates the Q11-B appraisal well with a 60% stake.
Founded last year by Mr Austin, a former RockRose Energy chairman, Kistos’ drilling campaign for 2021 kicked off in July.