Atlantic Petroleum has announced that it had spudded the 22/2a-16 South Chestnut appraisal well on UK Licence P354, operated by Venture Production. This well could potentially add significant reserves to the Chestnut Field. Additionally the Dunmore 50/6-4 appraisal well is spudded on Celtic Sea licence SEL 2/07, operated by Providence. The well could prove up resources updip of a discovery.
The South Chestnut well lies in a water depth of around 395 feet and is 950m from the 22/2a-12 well drilled in 2006. It will target the Eocene Nauchlan sand in the south western portion of the field. The well is being drilled by the Noble Ton Van Langeveld semisubmersible rig and operations are expected to take approximately 50 days. If the well comes in as expected, the South Chestnut well will be brought on stream soon after the well has been completed.
Partners in this licence are Venture Production (operator) 69.88%, Bow Valley 15.12% and Atlantic Petroleum 15%.
The Dunmore well lies in a water depth of around 245 feet. The well is an updip appraisal of the 50/6-1 well which tested oil from an Upper Jurassic sand. The well is being drilled by the Transocean GSF Arctic II semisubmersible rig. Operations are anticipated to take up to forty days, including provision for a comprehensive logging and testing programme.
Partners in this licence are Providence Resources (operator) 53.111%, Challenger Minerals 26.743%, Sosina 6.715% and Atlantic Petroleum 13.43%
Commenting on the operations, Wilhelm Petersen, Managing Director of P/F Atlantic Petroleum said:
“Atlantic Petroleum is looking forward to drilling the South Chestnut well which could add significant value to this project and hence to our shareholders. We are also looking forward to the results of the Dunmore well which might increase the company's resources and development opportunities in the Celtic Sea”
