Fossil Energy – Rig Tendering Process
Parkmead has started well and site survey planning work for its Skerryvore exploration target located in the UK Central North Sea, with a rig tendering process due to start in Q2 2023.
Parkmead increased its equity in Skerryvore from 30% to 50%, and progressed the project to Phase C as Licence Exploration Operator with industry partners. Skerryvore will be Parkmead’s first operated exploration well.
The well management services contract was awarded to Exceed Energy in January 2023.
Parkmead’s detailed technical work programme has confirmed the considerable multi-interval potential of Skerryvore. The planned well will target the main stacked exploration prospects, at Mey and Chalk intervals, which studies indicate could contain significant volumes of light oil.
The licence also contains additional prospectivity at the Ekofisk and Jurassic levels. A successful discovery would result in a tie back to nearby infrastructure.