Zephyr Energy PLC - Rocky Mountains-focused oil and gas company - Says removal of damaged tubing at State 36-2 well has progressed slower than expected due to poor condition of tubing. This comes after a control incident at State 36-2 well in April. Due to delay, says it will redrill a "twinned" well.
Chief Executive Officer Colin Harrington comments: "Benefits from a redrill include obtaining a new wellbore and utilising the learnings from the State 36-2 well operations to date, and we expect that our well control insurance coverage will cover substantially all costs associated with the redrill. Furthermore, I am confident that our operations team will be able to deliver an effective twin well and once again access the considerable productivity we observed in the original well bore."
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By Sabrina Penty, Alliance News reporter
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Zephyr Energy (ZPHR)