Serica to drill exploration wells at Biliton PSC

UK oil, gas firm Serica Energy plc announced on Wednesday that the Global Santa Fe 136 jack-up drilling rig has completed its current operations and is now being prepared for mobilisation to Serica?s Biliton PSC in the Java Sea,, where it will drill two exploration wells.

It is expected that the first well, the Batara Ismaya North #1, will be spudded at the start of December 2007 and, later that month, the rig will spud the second Biliton well, Batara Indra North #1.

Serica has a 45% interest in the Biliton PSC and is the operator.

The majority of Serica?s costs for these two wells are being carried by a farminee.(alex)