Premier Oil and its partners in the upcoming shallow water bid round offshore Mexico are anticipating to go out to tender for a moored, semisubmersible rig for Block 7 in Q4 2016, the company revealed in its 1H 2016 report.
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Map of Blocks 2 and 7, from Premier. |
Premier was awarded a non-operated 10% interest in Blocks 2 and 7 at no upfront cost in July 2015 and is carried on each of the blocks up to the point of the first well. Talos Energy operates Blocks 2 and 7; with Sierra Oil & Gas serving as the remaining joint venture partner.
The blocks, located in the shallow water Sureste Basin, a proven and prolific hydrocarbon province in the Gulf of Mexico, contain numerous leads in established and emerging plays. Blocks 2 and 7 contain Tertiary clastic plays, typical of the Salinas sub-basin.
Existing 3D seismic has been reprocessed across the two blocks and is on track for delivery in Q3 this year. This data will be used to confirm final drilling candidates with the first exploration well expected to spud on Block 7 in 2017 and Block 2 in 2018.
It is anticipated that the joint venture will go out to tender for a moored, semisubmersible rig for Block 7 in Q4 2016.
Premier has the option to increase its interest in the blocks up to 25% prior to drilling in payment for past costs.
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