Block Energy spuds WR-B1 well at West Rustavi

Block Energy PLC spudded the WR-B1 well at the West Rustavi field in the Republic of Georgia.

The well is being drilled to target the West Rustavi Middle Eocene reservoir and will include an 800 metre horizontal section. It is intended as a production well with a target of 2.1mln barrels of recoverable oil and gas resources.

Significantly, it is the company’s first new well based on 3D seismic data captured in 2019. It will be rapidly tied-in to the early production facility at West Rustavi.

"I am very excited to have commenced our latest drilling campaign in Georgia with the spudding of WR-B1 on our West Rustavi field,” said chief executive Paul Haywood.

“The team has worked systematically and tirelessly in preparation of drilling this well, using the latest 3D-seismic technology to pinpoint its location.

“In addition, we will employ the latest directional drilling technologies to optimise the outcome of this well.

“On success, the WR-B1 well will be rapidly tied into our production facilities and significantly boost our production in Georgia. I look forward to updating the market further as we progress.”

Future drilling at West Rustavi will be informed by the results at WR-B1, the company noted.

It added that technical well planning and engineering screening of several well candidates are in advanced stages.

Block also highlighted that it is committed to adding significant production to its operations through a combination of new wells and re-entry and side-track of existing wells.

Source: proactiveinvestors.co.uk

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