EnCore Oil plc announces that the Esmond field pressure test well has spudded. The Energy Enhancer jack up rig is drilling the well which is located on UK North Sea Block 43/13a.
The Esmond evaluation well is required to confirm that the underlying reservoir pressure has not risen significantly since the field was depleted and abandoned. Drilling operations are expected to be completed in approximately 21 days.
As part of the commercial arrangements between Star Energy (now a subsidiary of Petronas) and EnCore, Star Energy will bear the entire cost of drilling of this well. EnCore has a 50 per cent. interest in the project and Star Energy, the operator, also has a 50 per cent. interest.
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