Zephyr Energy kicks off site works for Utah well project

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Zephyr Energy kicks off site works for Utah well project

Zephyr Energy PLC (LON:ZPHR) has announced the start of operational activity at the site of the State 16-2 well, in Utah.

The well is being delivered for dual-use – as a collaboration with a state-backed research project and as an exploration venture for Zephyr – and it is on track to spud before the end of 2020.

Initial activity at the site sees the start of remediation work on the State 16-2 well pad and access road. This is expected to take less than five days to conclude. Rig mobilisation is anticipated in early December.

READ: Zephyr counts down to State 16-2 well

“I am delighted that we have started operational activity on the ground, fully in line with our plans to spud the State 16-2 well before the end of the year,” said Colin Harrington, Zephyr chief executive in a statement.

“Furthermore, in line with our mission to be responsible stewards of both our capital and of the environment in which we work, it should be noted that one of many benefits to the State 16-2 site selection is co-location of the new well on a pre-existing well pad.

“By re-utilising this particular pad, we will minimise environmental disruption by taking advantage of existing road and site infrastructure – thereby reducing cost, timeline and surface footprint impacts. We have also worked with the State of Utah to develop a plan to responsibly plug and abandon the existing inactive well on-site, an activity which we will undertake shortly after the road work is complete.”

Harrington added: “The next few weeks will be a period of intense activity for the Company, and we look forward to keeping the market updated on our progress as we deliver on the key milestone of drilling the State 16-2 well.”

Proactiveinvestors.co.uk

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