Deltic Energy completes survey over planned Pensacola well

Natural resources investing company Deltic Energy announced on Friday that itself and its operating partner Shell UK have completed the final phase of the site survey programme over the planned Pensacola exploration well location, on licence P2252 in the Southern North Sea.

The AIM-traded firm said the survey, conducted by Fugro GB North Marine, was completed on time, on budget and without incident.

Data collection began on 16 October, and was completed on 20 October, with demobilisation starting shortly thereafter.

As a result, all site survey work was now complete.

The company said the Pensacola exploration well remained scheduled to be spudded in the second quarter of 2022.

It said Shell had also confirmed that a rig was available to drill Pensacola.

“The successful completion of the site survey programme, which is a key part of well planning and the final phase of preparatory offshore activities, represents the achievement of another important milestone in our steady progress towards drilling the Pensacola prospect,” said chief executive officer Graham Swindells.

At 0916 BST, shares in Deltic Energy were down 1.33% at 2.52p.