I3 Energy has spudded the Serenity appraisal well, the first North Sea well under new PM Liz Truss’s watch and one of only a handful to be drilled since pre-covid.
The UK and Canada-focused oiler owns 75% of the licence that contains Serenity, P.2358, Block 13/23c, with Europa owning the remaining 25%.
Drilling is expected to last approximately 30 days with the well to be plugged and abandoned after completion of all drilling operations.
Europa is funding 46.25% of the cost of Serenity up to a gross capped well cost of £15mln.