cheap dr martens boots uk Rig contracted to drill ST 224 prospect in the fourth quarter of 2017
W Offshore, Inc.
Otto Energy Limited (‘Otto’ or the ‘Company’) is pleased to advise that the Operator of ST 224, W Offshore, Inc. (“W has contracted the Enterprise Offshore 264 jackup rig to drill the ST 224 prospect. The well is expected to commence drilling in Q4 2017.
In addition, W advises that the Initial Exploration Plan for the ST 224 prospect has been submitted and approved by BOEM. The prospect sits in approximately 170 feet of water.
Otto announced on 3 July 2017 that it had farmed in to the ST 224 lease in the Gulf of Mexico with a 25% working interest.
Several existing production platforms fall within tieback distance of the proposed well, enhancing economics and making development of any discovered hydrocarbons both quick and cost effective.
Otto’s Managing Director, Matthew Allen, commented: “We are excited to confirm Enterprise Offshore’s 264 jackup rig has been contracted by W Offshore to drill the compelling ST 224 gas/condensate prospect in Q4 2017.
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