Empyrean Energy PLC Jade prospect - Well site survey contract awarded (9667N)
2021年10月5日 - 3:00PM
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RNS Number : 9667N
Empyrean Energy PLC
05 October 2021
This announcement contains inside information
Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil &
Gas
Empyrean Energy plc
Jade prospect drilling, Offshore China- Well site survey
contract awarded
5 October 2021
Empyrean Energy plc ("Empyrean" or the "Company"), the oil and
gas development company with interests in China, Indonesia and the
United States, is pleased to advise that it has awarded a contract
for the well site survey over the Jade prospect to China Oilfield
Services Limited ("COSL") on Block 29/11, offshore China.
HIGHLIGHTS
-- Well site survey contract awarded to COSL
-- Comprehensive scope of the survey agreed with COSL
-- Survey to commence in Late October 2021
Empyrean is the operator of Block 29/11 in China and has 100%
working interest during the exploration phase. In the event of a
commercial discovery, its partner, China National Offshore Oil
Company ("CNOOC"), may assume a 51% participating interest in the
development and production phase.
In preparation for spudding of the Jade prospect well in
mid-December 2021, the Company has agreed a comprehensive scope for
the survey with COSL .
The objective of the well site survey is to identify all
possible constraints and hazards including man-made, natural and
geological features which may affect the operational or
environmental integrity of a proposed drilling operation. In
addition, the survey is designed to provide sufficient data to
fully assess potential top-hole drilling hazards at the proposed
well location and to ensure the rig can be secured safely
onsite.
The survey is scheduled to commence in late October 2021,
subject to a safe weather window for operations.
The information contained in this announcement has been reviewed
by Empyrean's Executive Technical director, Gaz Bisht, who has over
31 years' experience as a hydrocarbon geologist and
geoscientist.
Empyrean CEO, Tom Kelly, stated:
"The well site survey contract award marks an important and
crucial milestone towards conducting of a safe drilling operation
in mid-December 2021. We are thankful to both CNOOC and COSL who
both have enabled detailed discussions and timely approval during
our planning process. December 2021 is shaping up as an important
event in the corporate history of this company."
For further information please contact the following:
Empyrean Energy plc
Tom Kelly Tel: +61 6146 5325
Cenkos Securities plc (Nominated
Advisor and Broker)
Neil McDonald Tel: +44 (0) 131 220 9771
Pete Lynch Tel: +44 (0) 131 220 9772
First Equity Limited (Joint
Broker)
Jason Robertson Tel: +44 (0) 20 7330 1883
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END
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