West Phoenix to drill in UK and Norway

“We needed a high capacity rig, because we will be drilling wells in high-pressure, high-temperature formations. We chose the Phoenix, which is a modern 6th generation dual-derrick rig. Seadrill has rigs suited for our needs,” says Geir Tungesvik, Statoil’s senior vice president for drilling & well. Contract values The Ragnfrid North well has an estimated value of USD 19.5 million, while the value of the three wells on the UKCS is estimated at USD 18.5 million. The figures include integrated drilling services such as fuel, casing running, remotely operated underwater vehicle (ROV), slop treatment and cuttings handling as well as mobilisation and demobilisation. Ragnfrid North is located in PL199, around 20 kilometres south of the Kristin field in the Norwegian Sea. After completing the Ragnfrid North well, the West Phoenix will move to the UKCS where Statoil will drill three wells. Verbier was announced in October 2017 with an initial volume range between 25 and 130 million barrels of oil. Co-venturers in licence P2170 are Statoil 70%, Jersey Oil and Gas 18% and CIECO V&C (UK) Limited12%. Source / More: Statoil oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Please email us your industry related news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

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