Siccar Point defers drilling of Lyon exploration well until 2019
ABERDEEN -- With the Cambo well operations shortly due to complete, Siccar Point Energy E&P Limited and its JV partner have elected to defer the drilling of the Lyon exploration well (Licence P.1854) until 2019. This is primarily to mitigate the risk of weather downtime as the well would continue into the winter season if drilled in direct continuation with Cambo. The Lyon well will now form part of Siccar Point’s 2019 drilling program, which also includes the Blackrock exploration well (Licence P.1830).
Jonathan Roger, CEO of Siccar Point said: “Given the challenges of winter drilling West of Shetland, it makes sense to defer the Lyon well until next year to minimize the likely cost. On the plus side we have had a very successful result on Cambo and look forward to progressing that into the development phase.”
