Business
Rig Mobilisation and Anticipated Spud Date
Rig Mobilisation and Anticipated Spud Date.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0410G\n Empyrean Energy PLC\n 25 March 2022\n \n \n \n \n This announcement contains inside information\n \n \n \n \n \n Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil & Gas\n \n \n \n \n \n Empyrean Energy plc\n \n \n \n \n \n Block 29/11, China - Rig Mobilisation and Anticipated Spud Date \n \n \n \n \n \n 25 March 2022\n \n \n \n \n \n Empyrean Energy plc (\"Empyrean\" or the \"Company\"), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to provide the following update on preparations to drill the Jade prospect at its 100% owned Block 29/11 permit, offshore China:\n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n · \n \n The China Oilfield Services Limited (\"COSL\") owned NH9 drill rig for drilling of the Jade well is being handed over to Empyrean within the next few days for safety checks\n \n \n \n · \n \n Mobilisation of the NH9 rig to the Jade well drilling location expected to be on or around 27 March \n \n \n \n · \n \n The Jade well is currently anticipated to spud on or around 2 April\n \n \n \n \n \n \n Empyrean is the operator of Block 29/11 in China and has 100% working interest during the exploration phase. In the event of a commercial discovery, its partner, China National Offshore Oil Company (\"CNOOC\"), may assume a 51% participating interest in the development and production phase.\n \n \n \n \n \n Following discussions with COSL and CNOOC to establish rig availability, the recent completion of the well site survey and receipt of all required permits, following the final well site survey report, Empyrean advises that the mobilisation of the NH9 rig to the Jade well location is expected to occur on or around 27 March.\n NH9 had been used to drill a well for CNOOC immediately preceding mobilisation to Jade. \n \n \n \n \n \n COSL now estimate that the spud date for the Jade well will be on or around 2 April 2022, depending on prevailing weather conditions to ensure the safe anchorage of the NH9 rig at the Jade location.\n \n \n \n \n \n As previously advised, CNOOC EnerTech Drilling and Production Co (\"CNOOC EnerTech\") are providing comprehensive pre-drilling, drilling and testing services to Empyrean for the Jade well. CNOOC EnerTech ...