Zennor Pathway Limited today confirmed it had successfully spud its appraisal well in the UK North Sea.
Transocean’s Sedco 704 drilling rig spud the well, which is located on the Finlaggan Discovery.
Zennor Pathway Limited, which is a wholly owned subsidiary of Zennor Petroleum, owns a 100% interest in the licence.
It recently lined-up Petrofac to deliver a “budget” subsea appraisal well campaign for the discovery located aabout 130 miles north-east of Aberdeen.
The Finlaggan discovery, which underpins the Kerogen’s investment, was initially drilled by ConocoPhillips in 2005, which estimated the find had up to 27million barrels of gas reserves.
Zennor is led by Martin Rowe, Rod Crawford and James Henry, former Arco executives before its takeover by BP in 2000.