Net proceeds from the offering will be used by the company primarily to fund an acceleration of its
development drilling programme on its core 161,900 net acres in the Williston Basin.
Also, the second pilot well will target the south-eastern A14 area with the aim to confirm commercial quantities of hydrocarbons and to act as a landing pilot to de-risk
development drilling. The Keruing exploration well will target a prospect in the I-35 reservoir, approximately 600 metres shallower than the Bertam field.
i3 raised the fresh credit to, amongst other things, partially fund its planned 2019 appraisal and
development drilling programme at the Liberator oil field in the UK North Sea.
The Noble Bob Douglas drillship is currently completing
development drilling operations for the Liza Phase 1 development.
However, it also concluded the drilling of exploration wells has declined steadily over the last decade and that
development drilling has fallen 50% from 2015 to 2017.
NORDIC BUSINESS REPORT-July 6, 2018-Lundin Petroleum reports successful completion of Edvard Grieg
development drilling programme
This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and
development drilling access to both zones.
PPL has been making consistent efforts, especially during the last nine months since its commitment to government, to tap optimal potential of Kandhkot through fast-track
development drilling, revamping of compressors and debottlenecking of production facilities.
It said that the PPL has been making consistent efforts, especially during the last nine months since its commitment to government, to tap optimal potential of Kandhkot through fast-track
development drilling, revamping of compressors and debottlenecking of production facilities.
Western Europe will see offshore
development drilling levels maintained due to a number of developments sanctioned before the oil price crash.