UK independent Rockhopper Exploration hopes to boost its coffers following the completion of a new sidetrack well in the Mediterranean.
Drilling operations have begun at the Guendalina gas field offshore Italy and are expected to take 80 days.
Chief executive Sam Moody, said: “We are pleased to mark continued progress in building our Mediterranean business with the start of drilling operations at Guendalina. We anticipate a significant increase in revenue following the completion of the sidetrack.”
Rockhopper has a 20% working interest in the field which is operated by Italy’s Eni.
The company also has interests in the Falkland Basin in the South Atlantic and North Africa.
Earlier this month, Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean.
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