Update on Block 8 Well Tests
Deep Well P2 at Block 8 producing 876 barrels per day; Deep Well P1 prepared for testing.
- Deep Well P2 test production approximately 876 bopd
- Deep Well P1 depth 3,434 meters
- Deep Well P2 depth 3,415 meters
- Block 8 Contract Area size 2,823 sq km
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The Board of Caspian Sunrise is pleased to update the market with operational progress at the Block 8 Contract Area.
Background
As previously announced the Group is nearing the end of the process to acquire the Block 8 Contract Area, which extends over 2,823 sq km and is approximately 160 km from the BNG Contract Area.
The licence for the Sholkara structure on the Block 8 Contract Area was renewed in Q4 2024, which has allowed the resumption of drilling and testing of the two deep wells previously drilled.
Deep Well P1 was drilled to a depth of 3,434 meters and Deep Well P2 drilled to a depth of 3,415 meters.
Testing
Test production from Deep Well P2 has increased to approximately 876 bopd using a 4mm choke.
At Deep Well P1, the well has been perforated across an interval of 3 meters from a depth of 3,391 meters in preparation for testing to commence.
- Sunjin Chang, a member of the Society of Petroleum Engineers, has reviewed and approved the technical disclosures in this announcement.
This announcement has been posted to:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.