TMK finalizes drilling contract with Major Drilling
TMK Energy finalized its contract with Major Drilling for an additional pilot production well at Nariin Sukhait (LF-07), expected to spud in the coming weeks. All long lead items required for drilling are now on site and the pad preparation, sumps and associated site works are complete.
The TXD200 drilling rig to be used is a larger, more powerful drilling rig than the rig used in previous years, with the drilling contract structured as a fixed price “turnkey” contract, reducing risk to the Company of any potential cost overruns. Recommendations associated with drilling operations that came out of the Independent Technical Review completed in May 2025 are being implemented, including an improved and advanced mud system which has been designed to further mitigate any potential negative impacts on the reservoir.
The drilling of LF-07 will meet TMK’s 2025 pilot well drilling commitment for the Gurvantes XXXV license and will likely be the last vertical pilot well to be drilled in the current pilot well complex as the company commences the design and planning of a potential deviated/horizontal drilling and fracking program for 2026.
