Two of the wells, Sotto and Colin, will target relatively high risk but potentially high reward prospects in PSC Area A. The third well, Espadon, is targeting a medium risk, moderate reward prospect close to the Tiof Discovery in PSC Area B. It is planned to commence drilling these wells in late July 2005 using the Stena Tay.
A further two wells in PSC A or B are likely before the end of the year. Subsequent announcements will be made concerning these wells.
The West Navigator drillship continues working on Chinguetti development wells. The Chinguetti field, 25km to the south of the Tiof field, was given development approval in May 2004 and is on schedule for first production in early 2006 at approximately 75,000 bopd
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