logo-loader
viewBlock Energy PLC

Block Energy takes significant step in West Rustavi well sidetrack

"The successful cementing of WR-38Z's seven inch casing is a significant step in the sidetracking of the well,” said Paul Haywood, Block Energy chief executive.

Block Energy PLC - Block Energy takes significant step in West Rustavi well sidetrack
The well programmes are designed to realise West Rustavi's full potential

Block Energy PLC (LON:BLOE) has updated on its operations for the WR-38Z well at the West Rustavi field where it has completed a critical phase of the sidetrack programme.

The company, in a statement, told investors that it has now successfully installed and cemented new casing through the build section of the well.

It noted that the casing prevents fluid incursion from the Upper Eocene layers above the targeted Middle Eocene zone.

"The successful cementing of WR-38Z's seven inch casing is a significant step in the sidetracking of the well,” said Paul Haywood, Block Energy chief executive.

READ: Block continues to advance well programmes at West Rustavi

“Our drilling of well WR-16aZ provided a wealth of data about the field's subsurface that has allowed us to optimise the completion design of WR-38Z, knowledge we will be able to apply to all the West Rustavi wells we subsequently drill.”

Block highlighted that WR-38Z is its second fully-funded well in a multi-well programme which is designed to realise the field’s full potential.

Three further sidetracks are also planned at West Rustavi along with programmes to test a known gas discovery and also a separate new gas well.

Technical hires

Block also announced a number of new appointments to the team adding Steve Smith and Jim Lee, a pair of highly experienced geologists, plus Georgian industry veteran Mamuka Kharabadze  and well operations specialist Kevin VanBuskirk

"We are delighted to welcome Jim, Steve, Mamuka and Kevin to the Block team,” Haywood added.

“They bring skill, versatility and deep industry experience that further strengthens our operations capability. Block Energy comprises a range of international talents dedicated to ensuring the success of our multi-well programme."

Quick facts: Block Energy PLC

Price: 5.47 GBX

AIM:BLOE
Market: AIM
Market Cap: £21.53 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Block Energy PLC named herein, including the promotion by the Company of Block Energy PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: SIMEC Atlantis chosen for demo project in Japan

Headlines from the Proactive UK newsroom. SIMEC Atlantis Energy (LON:SAE) has been chosen to supply tidal generation equipment and offshore construction services for a demonstration project in Japan. The project is located in the straits of Naru Island.  Block Energy (LON:BLOE) has...

3 weeks, 1 day ago

RNS

Holding(s) in Company

3 weeks ago

Result of AGM and Board Change

3 weeks, 1 day ago

AGM Presentation

3 weeks, 1 day ago

Operations Update

3 weeks, 1 day ago

Gas Sales Agreement

3 weeks, 2 days ago

Grant of Options

on 21/10/19

Operations Update

on 21/10/19

2 min read