Alaska oil explorer 88 Energy (LON:88E) expects to resume drilling at its Icewine project after successful repairs to the drawworks.
The well reached a depth of 8,773 feet before the delay and is scheduled to go down to 11,600 feet.
“Current operations involve pulling out of hole to conduct a routine statutory test of the blow out preventer equipment prior to drilling ahead through the remaining Brookian sequence.
“Fortunately, significant time was clawed back prior to the issues and we currently expect to remain within the Budget despite the downtime,” said the company.
Dave Wall, managing director, added: "It is great to be back in business and only days away from reaching the top of the HRZ primary shale target.”