Russian independent exploration and production company Urals Energy (AIM:UEN) has spudded a well on a far eastern territory.
The target depth for Well 130, which is located on the Eastern coast of Sakhalin Island in the Pacific Ocean, north of Japan, is 1,680 meters.
This depth is expected to be achieved in around two months.
The drilling is part of Urals campaign on the Petrosakh licence.
Specifically the group is targeting the Pilenga horizon, the principal oil bearing horizon of the Okruzhnoe field.
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