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.
Shell Workers Could Have Lost Pay For Missing Trump Speech
Shrieve appoints new general manager
Petrofac and SOCAR JV secures engineering and technical services contract in Azerbaijan
Selected high-end diesel car model sales down 95% in Norway as EVs gain momentum