Ascent to re-drill Fontana-1

Ascent Resources said it will commence the re-drilling of the Fontana-1 well. The drilling rig has arrived on location. Drilling is expected to take a month and is designed to collect cores to appraise the shallow part of the Anagni structure in the Frosinone Exploration permit in the Latina Valley of Italy. Re-drilling of the well is necessary, as the original well, while having demonstrated the presence of the target formations in a structurally high position, experienced mechanical problems which prevented the collection of core samples.

The original Fontana-1 well reached the target formation 300m shallower than at the Anagni-1 location and confirmed the interpretation of the seismic data. The new well will utilize a slightly larger rig and use a modified procedure to try to ensure the reliable recovery of core samples.

Jeremy Eng Ascent's Managing Director said the firm would be "employing a different operating approach to that used in the original drilling of Fontana-1 and therefore do not expect the technical issues previously encountered to reoccur."

In the Penészlek project in eastern Hungary, the PEN-101 wellsite location is almost complete, the PEN-106 location construction is underway, and despite the severe winter weather, the construction of the pipeline from PEN-105 to the gathering facilities and to the main export pipeline is almost complete and awaiting pressure testing.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs