An Aberdeen-based well engineering and project management company has secured a new contract to provide a third full well management service for an onshore oil explorer in England, with drilling due to start in Spring 2017.
Zenith Energy, which operates and manages projects on and offshore in the UK and internationally, has been awarded its additional contract with Europa Oil and Gas following its success with the onshore exploration well, Kiln Lane-1, last year.
Under the new contract, which is worth a six-figure sum, Zenith will be responsible for the provision of well construction and full project management services on Europa’s upcoming Holmwood-1 exploration well on the PEDL143 licence in southern England.
PEDL143 is located in the Weald Basin where 14 oil and gas fields have been found over the last 30 years, resulting in the discovery of an estimated 50 million barrels.
Hugh Mackay, Chief Executive, Europa Oil and Gas, said: “We have contracted Zenith for a second time to help us achieve the Holmwood well objectives for what is an extremely important well for us.
“The Holmwood prospect has potential mean gross unrisked prospective resources of 5.5mmbo and is one of the largest undrilled conventional prospects onshore UK”.