Jura Energy to Spud Pakistani 'Kandra' Well in August

Earlier this year, Jura Energy Corporation announced that Petroleum Exploration (Pvt) Limited, the Operator of its concessions in Pakistan, had entered into a long-term contract with Weatherford Drilling International for the provision of a National Oilwell Varco 1500hp Ideal Drilling Rig.

The rig is currently being rigged up and tested after having been successfully relocated to Pakistan. Jura anticipates that drilling of its first exploration well, Kandra 4D, will commence in the latter half of August once the drilling rig has been commissioned. The target depth of the Kandra 4D well is 2,350 meters, which will allow for the evaluation of three separate geological horizons that have been identified as prospective hydrocarbon bearing formations.

The Kandra 4D well is the first of nine committed exploration wells in the joint venture's exploration program. Following the Kandra 4D well, it is expected that the rig will be mobilized to the Badin IV North block for the drilling of the Jamali Deep target. Multiple leads have also been identified in the Badin IV South, Salam, and Mirpur Mathelo Blocks, with plans to finalize drilling locations and drill an additional two wells in Badin IV North, four wells in Badin IV South, one well in Salam, and one well in Mirpur Mathelo.