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Timon well start imminent
Posted 04.05.2012 15:57:12 av John Bradbury
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North Sea exploration partners are waiting to start new exploration drilling on the Timon prospect which is due to spud shortly after the WilHunter semi-submersible arrived on location to prepare for the well.

Operated by MPX North Sea, the Timon well is targeting a Magnus Sand Timon prospect, described as an Upper Jurassic channel sand target in UK Northern North Sea blocks 211/11b and 211/16b and  which is regarded as being similar to the Cladhan and Tybalt discoveries.

Valiant Petroleum, which has a 10% equity stake in the P1633 licence area covering the Timon prospects blocks, has indicated that the target could contain 30 million barrels of oil equivalent and has indicated that the well is expected to spud in the new few days after the rig arrived. Drilling is forecast to take up to 40 days.

Apart from MPX, with 15% equity, and Valiant, the other drilling partners at Timon are Agora Oil & Gas with 25%, Taqa Bratani with 18%, Wintershall E&P Limited with 17% and, Sorgenia E&P with 15%.
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