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POLAND : Vabush, Jaslo sign rig contract for two-well program in Poland
Publish Date : 10-Aug-2011
San Leon Energy\'s Polish subsidiary Vabush Energy Sp. z o. o. has signed an agreement with Poszukiwania Nafty i Gazu Jaslo Sp. z o. o., or Jaslo, to contract a rig for its upcoming two-well program in Poland\'s Nida Trough.
Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific Plowowice and Grobla oil fields.
The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jas³o are finalizing the permitting process with plans to start building a location in early August, the company said.
Oisin Fanning, Executive Chairman of San Leon, commented: \"San Leon is delighted to be on the cusp of a very intensive drilling programme in both conventional oil and unconventional gas. The focus of San Leon\'s high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course.\"
