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Stock impact report

VAL's Jack-Up Rig to Commence New Drilling Program Offshore Australia [Yahoo! Finance]

Archrock, Inc. (AROC) 
Last archrock, inc. earnings: 2/19 07:16 pm Check Earnings Report
US:NYSE Investor Relations: archrock.com/aroc
Company Research Source: Yahoo! Finance
The jack-up rig is scheduled to undertake a drilling operation at the Montara field. This drilling operation represents significant part of Jadestone Energy's capital program for 2025. The Valaris 247 rig is expected to drill a side-track well at the Skua-11 formation. As part of the development, the operations at the Skua-11 well will involve the safe decommissioning of the existing SK-11 well, which implies that the existing well will be plugged and abandoned. After the decommissioning activities are completed, a side-track well will be drilled in the Skua structure. The side-track will be drilled at a higher level, which should speed up the recovery process for hydrocarbon reserves in the formation. The Skua-11ST drilling program is anticipated to have a durat Read more
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