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Borr Drilling set to begin drilling campaign for Kistos

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Oilfield Technology,

Kistos has said that Borr Drilling's Prospector-1 jack-up is expected to arrive on location in the Dutch North Sea before the end of July and to remain on contract with Kistos for approximately four months. During that time, it will conduct a drilling campaign that is part of the process of converting approximately 100 million boe (gross) of 2C resources into 2P reserves.

Planned activities include:

  • Appraisal of the Q11-B gas discovery, which is estimated to contain 2C resources of over 170 billion ft3 or 30.8 million boe (gross). If this well meets expectations, it is anticipated to lead to Q11-B coming onstream before the end of 2023.
  • Conduct a flow test of the Vlieland light oil discovery, which is located in a naturally fractured reservoir overlying the producing Q10-A field and is estimated to contain gross 2C resources of more than 70 MMbbl.
  • Sidetrack the Q10-A-04 well, which is not currently onstream, to a new location in the Slochteren formation, which is the field's primary producing reservoir.
  • Re-perforate the Q10-A-06 well to increase output.

The company also said it expects the Q10-A gas field to exit 2021 with gross production of more than 2 MM Nm3/d (71 MMcf/d or 12 700 boe/d).

Andrew Austin, Kistos' Interim CEO, said: "Kistos is well placed to generate substantial value for shareholders. We have a busy schedule in the second half of 2021, which we hope and expect will result in strong organic growth in our production from 2023 onwards. In the meantime, we will seek to deploy our balance sheet strength to make further acquisitions that meet our criteria. We look forward to reporting on further progress as the year unfolds."

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