Spud of KRT-39ST

Summary by AI BETAClose X

Block Energy PLC announced on September 19, 2025, the spud of KRT-39ST. This drilling is a pilot project for a new 'slim hole' technology. The company anticipates that this new technology will reduce well drilling and completion costs to approximately 40% of the cost of Block's previous 'conventional' sidetracks. If successful, this technology could be applied to both Project I and Project II.

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