Don Fields to Restart Production Shortly from Thistle Platform

Valiant Petroleum reported that the previously announced side-track of the Area 22 production well on Don Southwest (Valiant, 40.0%) has now been successfully completed and is ready to produce. Production from the Don fields is anticipated to restart shortly following commissioning of the permanent pipeline export route via the nearby Thistle platform, which is currently ongoing. The John Shaw semi-submersible drilling rig has been released, permitting access to the field for the hook-up of water injection on Don Southwest which was also successfully achieved.

With substantially all of the work now complete on the first phase of the Don fields project, Valiant has commissioned an updated reserve report from its consultants, RPS Energy, for its proved and probable ("2P") reserves on the Don fields as follows:









Gross Field 2P Reserves @ 2008 YE




Gross 2009 Production








Gross Field 2P 2009 YE




Valiant Interest




Net Field 2P 2009 YE




Source: RPS Energy, Valiant Petroleum plc




The reserves associated with West Don have decreased slightly following the assessment of production performance of the first two wells on the field, mitigated by the anticipated third production well into the southern area of the field.

The reserves associated with Don Southwest have slightly increased from the previous year and include Areas 5 and 22 associated with the phase one development, the 'Horst' block which will be developed as part of phase two during 2010 and the Area 6 compartment.

Valiant's 2P reserves associated with its other development fields are anticipated to be materially unchanged.

Following a period of steady production and water injection on the Don fields, Valiant anticipates providing production guidance and its full corporate reserves position, including contingent resources, at the beginning of Q2 2010 alongside the publication of its preliminary annual results for the year ended December 2009.


For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit