Jadestone Energy to spud Stag-49H well in early March after agreeing rig contract

Jadestone Energy said Monday it had signed a rig contract for infill drilling on the Stag oilfield, located offshore Australia.

Ensco Australia Pty Limited agreed to provide the Ensco 107 jack-up drilling rig to Jadestone, after completion of its current operation in Dampier, Western Australia.

The drill would be used to spud the Stag-49H well targeting approximately 1.2 million barrels of incremental oil reserves from the field.

The company was planning to spud the Stag-49H well in early March 2019 and drilling operations were expected to take approximately 34 days, Jadestone energy said.

Source: moneyam.com

Published: 11-02-2019