Business
Operations update
Operations update.
About this update from Pharos Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2295Q Soco International PLC 26 February 2016 \n\nSOCO International plc\n(\"SOCO\" or the \"Company\")\n \nDRILLING RESULTS ON BAOBAB MARINE-1 WELL\nAT MER PROFONDE SUD\n \nSOCO, an international oil and gas exploration and production company, announces that the Baobab Marine-1 (\"BABM-1\") commitment well drilled in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of Congo reached total depth on 25 February 2016.\n \nThe well was drilled by the deepwater drillship Noble Globetrotter II on the RR Prospect to a measured depth of 3,275 metres and intersected the stacked early Miocene channel complexes that were targeted. Although good quality sands were present, no hydrocarbons were encountered, suggesting lack of communication with the known oil source. \n \nBarring any complications with plugging and abandonment operations, the well should come in under budget and was drilled safely with no lost time accidents. \n \n \nENQUIRIES:\nSOCO International plc\nAntony Maris, Chief Operating Officer \nTel: 020 7747 2000\n \nBell Pottinger \nNick Lambert \[email protected]\n020 3772 2558\n \nElizabeth Snow\[email protected]\n020 3772 2582\n \nNOTES TO EDITORS\n \nSOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DRLKELFLQLFLBBQ\n ","length":3015,"tagName":"div"}]