Lansdowne Oil & Gas says that PSE Seven Heads Limited, the operator of SEL 4/07, and a wholly owned subsidiary of PSE Kinsale Energy Limited has commenced drilling operations on the Midleton prospect in the Celtic Sea, offshore Ireland. Kinsale Energy holds an 80% interest in SEL 4/07, with Lansdowne holding the remaining 20%. Through the farm-in agreement previously announced, Kinsale Energy will fund 100% of the costs of drilling a well on the Midleton prospect.
The Ocean Guardian semi-submersible rig commenced drilling at 06.15hrs on 29 July 2015. The well is scheduled to take approximately 20 to 30 days.
Commenting on the news, Lansdowne CEO Steve Boldy said, 'We are delighted that Kinsale Energy has moved forward to drill the Midleton exploration well this year and we look forward to updating the market once the results are known.'