November 5, 2020

Deltic Energy has issued an update on activity relating to Licence P2252, which contains the Pensacola Prospect. The company reports that Shell, in its capacity as operator of the Licence, has reiterated to Deltic and the UK Oil and Gas Authority, its plan to drill the high-impact, play opening Pensacola Prospect on Licence P2252 and that it remains scheduled to be drilled in Q4 2021.

A significant amount of technical work has been and continues to be undertaken by the Shell/Deltic joint venture. Following the 3D seismic which was shot over the licence last year, the JV has confirmed that the seismic processing completed to-date and interpretations of the available data have demonstrated a robust image over Pensacola, which supports the prospectivity originally recognised by the JV at the time of the farm-in agreement.

This progress has allowed well planning on Pensacola to commence. Well design work is underway and competitive scoping of the exploration well is in the process of being completed. Read more…