Kistos begins drilling campaign in Dutch North Sea

The work programme is scheduled to last approximately four months and to start the process of converting approximately 100 million boe (gross) of 2C resources into 2P reserves.

As previously announced, planned activities include the appraisal of the Q11-B gas discovery, conducting a flow test of the Vlieland light oil discovery and other activity designed to enhance production from the existing Q10-A well stock. Kistos expects the Q10-A gas field to exit 2021 with gross production of more than 2.0 MM Nm³/d (71 million ft³/d or 12 700 boe/d).

Andrew Austin, Kistos' Interim CEO, said: "One of the key attractions of the Kistos portfolio is the significant near-term upside potential. We expect that this drilling campaign will start the process of realising that potential and will result in strong organic growth in our reserves and in our production. We look forward to reporting on the progress of our work programme in the coming months."

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