Transocean Rig Arrives to Complete Timon Well

Valiant Petroleum announced Friday that the Transocean John Shaw (DW semisub) rig has arrived on location to complete the drilling of the Timon prospect in the UK's northern North Sea.

The Timon well (211/11b-7), located in blocks 211/11b and 211/16b, originally spud in May 2012 before being suspended due to operation problems with the previous drilling rig. The well is now expected to take around 40 days to complete.

Timon is an Upper Jurassic sand play with gross prospective resources estimated at 30 million barrels of oil equivalent.

The partners in the P1633 license, which covers the 211/11b and 211/16b blocks, are MPX North Sea (operator, 15 percent), Agora Oil & Gas UK (25 percent), TAQA Bratani (18 percent), Wintershall E&P (17 percent), Sorgenia E&P (15 percent) and Valiant (10 percent).

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