88 Energy said it planned to submit its application for a drill permit for the Icewine #1 well in Alaska with the aim to start drilling before the end of the week.
A permit was delayed due to a request for additional information from the Alaska Oil and Gas Conservation Commission. The company said it has gathered that information over the weekend and will be submitted to the commission on Tuesday or Wednesday.
Managing director Dave Wall, added: “Progress on the permit to drill has been encouraging and we we are now on track for spud later this week.
“The time has been utilised effectively, with minor repairs and additional testing undertaken on the rig, prior to handover ahead of spud.”
Last month the company said a rig team had been signed and was on track to kick-off in October.
The winterised Kuukpik Rig 5 will be called into service for the Icewine #1 exploration well.