Advance Energy PLC (AIM:ADV) updated the market on the ongoing Buffalo-10 well, offshore Timor-Leste.
The project operator, Carnarvon Petroleum, informed Advanced Energy drilling has reached 804 metres and will proceed down to target depth of around 3,500 metres.
Buffalo-10 is being drilled to test for the presence of commercial quantities of high-quality light oil, and, promises to lead to the early re-development of the Buffalo field.
Advance Energy said since the company’s last announcement in December, the conductor has been installed and cemented in place, and the 17 ½ inch (diameter) section hole has been drilled.
The rig is now setting and cementing the 13 3/8 inch casing and installing the wellhead, before drilling ahead in the 12 ¼ inch section down to around 2,800 metres. A further section, at a 9 5/8 I inch casing, will then aim for the target in the Elang reservoir.