Bits spinning: The semi-submersible Kan Tan IV gets busy with Bounty hunt
Superior spins bit at Bounty
Canadian Superior Energy has spudded the Bounty well on Intrepid Block 5c off Trinidad & Trinidad, about 2.2 miles (3.5 kilometres) from the Victory natural gas discovery.
The company and its partners BG Group and Challenger Energy are using the semi-submersible Kan Tan IV rig to drill the well to a total planned depth of around 18,000 feet (5486 metres) over about 110 days, Canadian Superior said in a statement.
“The primary objective of the Bounty well is to prove up higher pressure horizons that includes multiple potential reservoirs and is a deeper, separate geologic structure from that discovered in the Victory well,” Superior’s boss Craig McKenzie said in the statement.
The Maersk Contractors-operated Kan Tan IV will move on to drill the programme’s third well, Endeavour, after finishing work on the Bounty.
Superior is paying 26.667% of the Block 5c exploration cost to maintain a 45% working interest, with its partners, BG paying 40% for a 30% working interest and Challenger paying 33.333% for a 25% working interest through Superior.