Mobilization of the drilling rig to the location is expected in June 2010. The rig has been contracted by the license operator, Premier Oil and the expected duration of the well is 30 days.
Serica holds a 50% interest in the license and its share of the well costs is being carried by Premier Oil under the terms of a farm-in agreement.
The company said that it is preparing to drill the Conan prospect – UK East Irish Sea, in Blocks 113/26b and 113/27c. For this, the Ensco 80 jack-up drilling rig is expected to be mobilized from Humberside at the end of this month to spud the well in early May.
Serica holds a 65% interest in the Conan prospect and the majority of its share of the costs is being paid by Agora Oil & Gas (UK) under the terms of a farm-out agreement. Serica is the operator of Blocks 113/26b and 113/27c, which contain the Conan and Doyle prospects.
