Georgia: Block Energy announces Q1 operational update
07 Apr 2021
Block Energy, the development and production company focused on Georgia, has announced an operational update and provided its 2021 objectives and drilling programme. Block is currently producing at a production rate across all the Company's licences (excluding WR-16aZ well, which is undergoing intervention) of 555 boepd (30-day average).
Highlights
2021 objectives set, including drilling two wells, each targeting 600 boepd
The first well at the WR-BA well site is expected to spud in May/June 2021. The second well's location and timing will be finalised based on the learnings from the WR-BA well
ZJ-40 drilling rig hired and rig inspection completed confirming rig readiness