Spud of KRT-39ST
Spud of KRT-39ST pilot well using new slim hole drilling technology at 40% of conventional cost.
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Block Energy plc, the development and production company focused on Georgia, is pleased to announce the spud of KRT-39ST.
As announced on the 12th August 2025, KRT-39ST is being drilled as a pilot of the new 'slim hole' technology, which sees the well being drilled and completed for approximately 40% of the cost of Block's previous 'conventional' sidetracks.
Should the pilot be successful, the technology has scope for application on both Project I and Project II.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.