Miller Energy Resources reported that its Rig-35 received final approvals to commence drilling from the Alaska Oil and Gas Conservation Commission after a thorough and rigorous rig inspection followed by a blowout preventer (BOP) test. Rig-35 is already positioned over the RU-1 oil well and is currently making repairs necessary to restore production.

Rig 35, a National 1320, 2000 horsepower rig, is designed for offshore and onshore drilling with a maximum drilling depth of 24,000 feet. Led by David Hall, Cook Inlet Energy (a wholly owned subsidiary of Miller) plans to remove the old electrical submersible pump, along with conducting wellbore optimization, in hopes of not only bringing RU-1 back online, but also increasing RU-1's historical flow rates. RU-1 was previously producing at a steady rate of approximately 270 Bbls/day.

Tags: Miller Energy Resources