UK onshore-focused Europa Oil & Gas reported Monday that drilling has started on its Kiln Lane-1 conventional exploration well on the PEDL 181 license in northeast Lincolnshire.
Kiln Lane is located approximately 15 miles east of the Crosby Warren field, which has been producing oil for almost 28 years, and the recent Wressle-1 oil discovery in PEDL 180.
Europa estimates that Kiln Lane has mean gross un-risked recoverable resources of 2.9 million barrels of oil. The prospect is a structural closure defined on 3D seismic data and Europa said that the well has been designed to intersect a number of prospective Upper Carboniferous-age sandstone reservoirs in a structurally-favorable position near the crest of the structure.
The well will be drilled as a straight hole to a total depth of 8,200 feet, and is expected to take 36 days to complete.
Europa CEO Hugh Mackay commented in a company statement:
"We are delighted to commence operations on the Kiln Lane conventional oil prospect and we look forward to updating shareholders with the results from this well towards the end of March. I wish to thank our geoscience, operations and permitting teams all of whom have delivered excellent performance and have brought the well to spud on schedule against a tight timeframe.
"We are encouraged by the recent discovery of oil at the neighboring Wressle well and we hope that Kiln Lane will be similarly successful and provide another opportunity to build on our existing oil production and revenues from conventional oil fields in the East Midlands Petroleum Province."
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you