Deltic Energy sees significant step towards well drilling with Cairn

Deltic Energy PLC said that its exploration venture partnered with Cairn Energy has completed a 3D seismic survey over Licence P2428 and surrounding areas.

Cairn is paying 100% of the costs for the programme, as part of its farm-in to the project. It was conducted by contractor to ION Geophysical.

Some 680 square kilometres of 3D seismic data was captured, including the Plymouth zechstein reef prospect. Results of the data analysis is expected in the second quarter of 2022.

"Successfully completing the acquisition of this new 3D seismic data represents another important step forward as we further progress this highly prospective licence with Cairn towards future drilling,” said chief executive Graham Swindells.

“The results of this high-quality modern 3D seismic survey are expected to significantly enhance our understanding of the multiple gas prospects on P2428 and will be key to de-risking future drilling on this licence."

The licence is host to the Plymouth prospect along with the Cupertino and Richmond prospects, both of which are also expected to be advanced through the evaluation of the seismic data.

Cairn farm-in funding commitment covers 100% of the costs of the programme, data analysis and associated work programmes up until a decision is made to invest in an exploration well.

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