Borders and Southern Leiv Eiriksson rig arrives at Stebbing prospect

After months of activity at the Borders and Southern Darwin East well, the Leiv Eiriksson deep water rig has arrived at the Stebbing prospect. The Darwin well was actually spudded on 31st January 2012, but technical issues with the rig meant that the gas condensate discovery was not announced until 23rd April 2012.

Stebbing is in shallower water than Darwin, 0.5 km less and the target is also less deep meaning around one and a half months of drilling, so results in July.

Contrarian Investor UK