2022 drilling plans ?
What are the expectations for drilling in 2022 ? My guesstimate is as below :
Q4 2021 sees 4 wells drilled in the South West oilfields and 1 well drilled in Ortoire (Royston).
Q1 2022 - I would expect a continuation of drilling in the South West - with another 4 development wells drilled so 8 new wells in total (4 Q421+ 4 Q122). This keeps the new Canadian rig busy.
Q1 or Q2 2022 - Coho-2 development well. Could wait and use the new rig, or they could use one of the other rigs on the island to drill this well.
Q3 2022 - Two rigs in operation after Cascadura online. Cascadura development wells for one rig.
Q3 2022 - Exploration phase 2 kicks in (Steelhead / Guabine / Krakken) with other rig.
Q4 2022 - Completion of Cascadura development wells and maybe drilling of Royston appraisal well so ending 2022 with maybe Royston online from 2 wells and Cascadura from 6 wells and Coho from 2 wells (Circa 300mmscf/day plus liquids)
Q4 2022 - Completion of exploration phase 2 drills (Steelhead / Guabine / Krakken)
(There is the potential of a deep well in the South West oilfield area - however that may not be until the new onshore license round is completed in 2022 - to avoid giving any new information to competitors who may bid on licenses wanted by TXP)