Cambay PSC Update – Drilling and Workover Operations Progress
Synergia Energy Ltd (“Synergia Energy” or the “Company”) has provided an operational update on its Cambay Production Sharing Contract (PSC), in which it holds a 50% working interest, onshore India.
Following the Company’s 4 April 2025 announcement, Synergia confirmed that its joint venture partner, Selan Exploration (“Selan”), has secured a drilling rig and associated services from DEEP Industries Limited. This will support the first of three planned wells under a US$20 million work programme. As part of the agreement, Selan is fully funding Synergia’s share of the investment in return for a 50% working interest. Drilling is expected to begin in September 2025.
In addition, Selan has contracted a 50-tonne workover rig, with operations on legacy wells set to resume in June 2025. Production from these wells has been intermittent since operations restarted in April 2022.
Roland Wessel
CEO
For further information, please contact:
|
Investor Enquires Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia |
