Siccar Point Energy E&P Ltd. has completed the Lyon exploration well farm‐out deal with Ineos UK SNS Ltd., the company said on Dec. 4.

The company has also entered into a contract extension with North Atlantic Drilling Ltd. for the West Hercules semisubmersible to drill the Lyon well (license P.1854) immediately following the Cambo appraisal well in 2018.

“We are delighted to be extending our relationship with North Atlantic Drilling which will allow our company, along with our new partner Ineos, to accelerate the drilling of the high impact West of Shetland Lyon exploration well into 2018,” Jonathan Roger, Siccar Point Energy’s CEO, said.