The probe is being drilled to a total vertical depth of 3261.4 metres from the same drilling pad as the company’s previous Kenai Loop wells.
According to Buccaneer, the well’s target appears to be fault separated from the current producing zones in the Kenai Loop-1-1 and Kenai Loop-1-3 wells. Drilling is expected to be completed in late September.
In addition, the company has finalised preliminary plans to perform minor upgrades on the production facilities at the drilling pad in order to facilitate production from this new wells.
Buccaneer
