Australian oil and gas company Otto Energy has announced that W&T Offshore, the operator of South Timbalier 224 (ST 224) lease in the Gulf Of Mexico, has contracted Enterprise Offshore Drilling’s Enterprise 264 jackup rig for drilling works in the prospect. The well is expected to commence drilling in Q4.
Otto announced in July that it had farmed in to the ST 224 lease with a 25% working interest.
“We are excited to confirm Enterprise Offshore’s 264 jackup rig has been contracted by W&T Offshore to drill the compelling ST 224 gas/condensate prospect in Q4 2017. With SM 71, ST 224 and Bivouac Peak, Otto has a pipeline of compelling Gulf of Mexico Shelf exploration and development projects to pursue through 2017 and 2018 in line with our strategy,” said Otto’s managing director Matthew Allen.
Enterprise Offshore Drilling, which was formed in January this year, now operates a fleet of 10 rigs acquired from Hercules Offshore.