Ithaca Energy (UK) Ltd. will carry out exploration drilling in the K2 prospect in license P2382, Block 22/14c, Central North Sea.
Water depth at the site is 294 ft (90 m). Drilling and final planned depth of the drilling is 9,000 ft (2,743 m), targeting the Forties Member sandstones.
The well is expected to spud between June and July 2023 and take about 41 days to determine the presence of hydrocarbons, the company said. Total gross drilling costs are estimated at £17 million in a dry hole case. In the success case, further incurred gross costs estimates are about £17 million, resulting in a total success cost of £34 million.
Ithaca Energy is operator at K2 (50%) with partner Dana Petroleum (50%).
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
