Xcite Energy Secures Rig for Bentley Well

Xcite Energy entered into an agreement for use of the Ocean Nomad semsiub to drill the 9/3b-R well on the Bentley field, with an expected spud date at the end of August, subject to the current rig program. A final contract should conclude soon. This rig will provide significant metocean operating advantages for the 9/3b-R well program, which continues to be managed by Applied Drilling Technology International. Located on Block 9/3b in License P.1078 in the UK sector of the North Sea is the Bentley oil field, situated 99 miles (160 kilometers) east of the Shetland Isles in 371 feet (113 meters) of water. Xcite Energy wholly owns and operates the field.

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