Echo Energy said today that a rig is on its way to the Fraccion D asset, onshore Argentina, where it will work on three wells.
The Quintana-01 rig has been sent from the west of the Austral basin and will travel 250km by road to Fracción D in the east of the Austral basin.
Mobilisation is expected to take three days.
The total cost of the rig operations and testing is about $550,000 per well.
Echo chief executive Fiona MacAulay said: “We are delighted to be moving into this exciting workover campaign and look forward to updating our shareholders as the programme progresses.
“Alongside these workovers we continue with the detailed engineering work programmes that are now being finalised for the back to back four well exploration campaign at Fracción C, where the drilling rig due to arrive on location in early May.”