Venture to bring 150 bcf of gas on stream under NSea drilling planadmin
It will also target 300 bcf of additional gas initially in place through four or five \”relatively low risk\” exploration wells.
Venture started the drilling programme after securing a long-term rig contract with Noble Corp.
\”Given delays with previous operators and the tight market for drilling equipment, we have had to wait several months longer than anticipated for this jack-up rig to arrive. However, the Noble Julie Robertson is on long-term contract to Venture now and we are excited about the drilling programme ahead,\” said chief executive Mike Wagstaff.
At 10.45 am, Venture shares were up over 3 pct at 719.5 pence.