Providence has commenced drilling operations as part of its 2010 drilling program (as previously announced in June 2010) at the Singleton oil field, onshore UK. The Singleton field is located in the Weald Basin and currently produces c. 800 BOEPD from seven production wells. The field is operated by Providence (99.125%) with partner Noble Energy (0.8725%).
The drilling program comprises the sidetracking of the X9 well to a new and more optimal location together with the addition of two new lateral sections to the currently producing X8x well, potentially providing c. 350 BOEPD of additional cumulative production. In addition, the new X9 sidetrack well has been designed for future acid fracture stimulation, thereby providing further incremental production potential. Providence is utilizing the BDF-28 drilling rig with operations expected to last some 6 weeks.
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