Valeura (50% WI) and Statoil (50% WI) have successfully completed the first of four planned production tests at the Yamalik-1 exploration well. The remaining production tests will be carried out over the next month. For Statoil to earn its 50% WI, the company must also pay 100% of the second well to be drilled in 2018e. To fund an appraisal and development program, Valeura is considering a potential London AIM listing to source additional equity.
27 Nov 2017
Early and better than expected success at the Yamalik-1 exploration well
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Early and better than expected success at the Yamalik-1 exploration well
Valeura (50% WI) and Statoil (50% WI) have successfully completed the first of four planned production tests at the Yamalik-1 exploration well. The remaining production tests will be carried out over the next month. For Statoil to earn its 50% WI, the company must also pay 100% of the second well to be drilled in 2018e. To fund an appraisal and development program, Valeura is considering a potential London AIM listing to source additional equity.