Ensco 85 set to drill Epsilon

Development drilling on the Epsilon oil field offshore Greece should get under way by the end of this month, according to operator Aegean Energy.

Offshore staff

ATHENS, Greece -- Development drilling on the Epsilon oil field offshore Greece should get under way by the end of this month, according to operator Aegean Energy.

The well in the North Aegean Sea will be drilled by the jackup Ensco 85, which the company has secured as part of a $50-million financing agreement with Standard Chartered Bank. It has also contracted Schlumberger for drilling management services.

Aegean says the well will be the deepest and longest drilled to date in Greek waters, with a total depth of 5,500 m (18,044 ft) and a vertical depth of 2,900 m (9,514 ft). The operation is expected to take around 90 days to complete.

09/14/2009

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