, the exploration and production company focused on the Republic of Georgia, announced on Thursday that its ZJ40 drilling rig is now being mobilised to the site of well 38Z at its flagship West Rustavi field.
The mobilisation of the ZJ40 rig triggers the 12 month term under an agreement made by the Company earlier in July alongside JSC Norio Oil and Georgia Oil and Gas.
The rig’s mobilisation marks preparation for the planned horizontal sidetrack operations at the 38Z well, the next phase in Block's £12 million programme to scale oil and gas production across the Field where Block has a 100% working interest.
The 38Z well is described as being analogous, adjacent and updip to the adjacent 16aZ well where Block resumed production last month.
The Company will draw on the valuable experience gathered from the drilling of well 16aZ to optimise the completion design for well 38Z.
Additionally, Block has further plans to horizontally sidetrack three other wells across the Field in addition to wells 38Z and 16aZ.
At present, West Rustavi is estimated to hold 38 million barrels of contingent resources of oil and 608 billion cubic feet of gas.
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