New E&P company plans exploration strategy with high-graded, ready-to-drill prospects

Seapulse, a recently formed E&P company, is building a global portfolio of 30 billion BOE gross prospects, including a fast-track portfolio of high-graded, derisked ready-to-drill prospects, CEO Scott Aitken said. The drilling program has been designed so that there’s an 87% chance of at least one discovery within the first six wells, and the discovery would offset the cost of such a drilling program, he said at the 2019 IADC World Drilling Conference in Milan on 20 June. In this video with DC, Mr Aitken also talks about its strategic alliance with Maersk Drilling and how that’s leading to large-scale application of a lean collaboration model to identify and eliminate waste. Watch the video for more information.