Shell commits to second SNS exploration probe

The major will sink another well linked to farm-in agreements with UK independent Deltic

Shell and AIM-listed partner Deltic Energy have greenlit drilling what they term a high-impact exploration well on Selene gas prospect in the P2347 licence in the UK Southern North Sea. Shell farmed into P2347 with 50pc in April 2019, just a few months after it took 70pc of Deltic’s P2252 licence, where the partners will drill the Pensacola prospect in September. As a result of the well investment decision, Shell becomes operator of P2347. Deltic will be carried for 75pc of the Selene drilling costs, up to a maximum of $25mn. Timing of a well slot has yet to be confirmed. Selene is one of the largest unappraised structures in the Leman Sandstone fairway of the Southern Gas Basin. Deltic esti

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