The well is anticipated to take around 60 days to reach its target depth of 15,750ft (approximately 4,800m).
The Viola North prospect is a mapped three-way dip and fault controlled structural trap in the Fulmar sand formation and is targeting an estimated gross prospective P90-P50-P10 resource range of 63-111-191 million barrels of oil equivalent.
Valiant Exploration, a wholly owned subsidiary of Valiant Petroleum, acts as operator of the blocks and holds a 50% working interest following a partial farm-out to Apache North Sea where Apache will pay 75% of the well costs for a 50% stake in the prospect, subject to a cap on the promoted costs.
Apache will also participate in the drilling of a second exploration well (expected to be in the Viola South prospect), if approved by the operating committee, on the same terms.
