RNS re Rig - June Spud11 Apr 2023 08:21
Even better than what I expected.
Beacon Energy (AIM:BCE) is pleased to announce that its wholly-owned subsidiary, Rhein Petroleum GmbH, has contracted a fully-crewed drilling rig from RED Drilling & Services GmbH ("RED Drilling") for the planned Schwarzbach-2 ("SCHB-2") development well within the Erfelden Field, onshore South West Germany.
The rig is expected to mobilise in early-June 2023 targeting a mid-June spud. Drilling operations are expected to take 25 days to reach the prognosed TD drilling depth of 2255m (1709m True Vertical Depth), with an additional 12 days scheduled for testing. The drilling pad has been prepared and the 20" conductor pipe has been set at 85 metres.
It is anticipated that once completed, the SCHB-2 well will be tied-in to existing production facilities at the Schwarzbach site which will take approximately 12 days to complete.