Client NewsAdvance Energy plc: Rig Contract Signed for Buffalo-10 Well
Advance Energy (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, is pleased to provide an update on the Buffalo-10 well drilling operations.
Further to the announcement on 30 June 2021, in which the Company announced that the Operator, Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN), had agreed a Letter of Intent for a jack-up rig for the Buffalo-10 well, the Company is pleased to announce that the formal rig contract has now been signed with Valaris Limited (NYSE:VAL) for the VALARIS JU-107 jack-up drilling rig.
The VALARIS JU-107 jack-up drilling rig is currently working in the Timor Sea, on the Montara field 300 km southwest of the Buffalo field, and only a short tow away from the Buffalo field.
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