The company has successfully concluded site survey operations associated with this exploration program in the North Sea, marking significant progress in its strategic initiatives.

The semi-submersible rig has been under contract with Aker BP since its delivery in 2019.

This discovery follows PUK's Southern North Sea (SNS) 2023 drilling campaign, utilizing the Valaris-247 rig.

The exploration prospect, named Amethyst, is situated in production license 1138, awarded on March 11, 2022, and valid until March 11, 2028.

This final investment decision (FID) marks the initiation of a strategic campaign to deliver three wells, with the primary goal of augmenting production at the Perdido spar, situated approximately 200 miles south of Galveston, Texas, in waters around 8,000 feet deep.

The oil and gas operations had been temporarily halted after an incident in July 2023 involving the floating storage and offloading vessel (FSO) at the field.

The estimated combined gross recoverable resource of 20-30 million barrels of oil equivalent is anticipated to commence production ahead of schedule by the end of 2023

his initiative, integral to advancing European energy security, is part of Shell's comprehensive site survey program in the North Sea, reflecting its commitment to pushing the boundaries of energy exploration.

The drilling initiative is part of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project.

he contract, signed in March 2023, specified an effective day rate, including the mobilization fee, associated with the minimum firm contract period at $325,000.