Dec 9, 2010

Arctic blast delays Galaxy II spud of Varadero prospect in the UK North Sea



EnCore Oil plc reported that the Transocean Galaxy II heavy duty jackup rig left Dundee Harbour yesterday afternoon to move to a standby location in the UK North Sea. 
As soon as a weather window becomes available, the rig will be moved to the Varadero location on Block 28/9 in the Central North Sea. 
This is the second phase of the drilling campaign on the block, with up to four wells planned. The Varadero prospect is located west of the original Catcher discovery well. 
The equity in Block 28/9 joint venture partnership are EnCore Oil plc (15 percent, Operator), Premier Oil (35 percent), Wintershall (20 percent), Nautical Petroleum (15 percent) and Agora Oil & Gas (15 percent).
Source: Penn Energy

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