Curated News
By: NewsRamp Editorial Staff
April 23, 2024
Helix Exploration Secures Crucial Drilling Rig for Montana Project
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- Helix Exploration PLC secured a drilling rig, giving them a competitive advantage in their upcoming project in Montana.
- The Cardwell KB-150 D1D drilling rig, acquired from Treasure State Drilling, is ideal for drilling to depths of more than 8,000 feet, aligning with the project's requirements.
- This strategic preparation positions Helix Exploration to effectively leverage resources in approaching a critical phase of its operations, potentially benefiting the local economy and environment.
- The recent partnership with contract drilling engineers Petroleum Consultants further strengthens Helix Exploration's readiness for the third quarter drilling campaign.
Impact - Why it Matters
The successful acquisition of the drilling rig is crucial for Helix Exploration's upcoming appraisal drilling campaign in Montana, ensuring that the project's requirements are effectively met. This development will also impact the company's readiness for the third quarter drilling campaign, potentially leading to positive outcomes for the company.
Summary
HeLIX Exploration PLC CEO Bo Sears secured a drilling rig for the Ingomar Dome project in Montana. The Cardwell KB-150 D1D drilling rig from Treasure State Drilling is suited for depths of over 8,000 feet, addressing the project's requirements. The partnership with Petroleum Consultants strengthens Helix Exploration's readiness for the third quarter drilling campaign.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Helix Exploration Secures Crucial Drilling Rig for Montana Project
