Shell UK Ltd. and partner Deltic Energy PLC will drill the Selene gas prospect on license P2347 off England’s northeast coast in the UK Southern North Sea.
Selene is one of the largest unappraised structures in the Leman Sandstone fairway of Southern Gas basin. Deltic estimates Selene to contain gross P50 prospective resources of 318 bcf gas (P90 to P10 range of 132 to 581 bcf) with 70% geological chance of success, Deltic said in a release.
Timing of a well slot has yet to be confirmed and will be subject to drilling schedules.
Shell is operator of the license (50%). Although Deltic holds 50% working interest in the license, it will carry 75% of the costs of drilling and testing on the Selene prospect up to $25 million.