LONDON (ShareCast) - (Sharecast News) - Synergia Energy updated the market on the implementation of artificial lift equipment on the Cambay C-77H well on Thursday.
The AIM-traded firm said it was making significant progress in ensuring the timely delivery and installation of the necessary equipment, to enhance the well's production capabilities.

It said the jet pump and modified wellhead required for the project would be prepared for airfreight shipment to India on 5 June.

Additionally, the surface pump skid - another crucial component - was scheduled to be ready for airfreighting by 3 June.

Synergia said it had also placed orders for other associated equipment, including the motor drive, VFD panel, separator, and tubing.

Those items were being sourced locally, and their delivery was expected in early July.

"Due to workover rig availability, the re-completion operation is scheduled to commence on 9 July, with an estimated duration of eight days," the Synergia board said in its statement.

"The civil and electrical works and piping hook-up are scheduled to be completed by 17 July, following the pump installation."

At 1452 BST, shares in Synergia Energy were up 5.77% at 0.14p.

Reporting by Josh White for Sharecast.com.

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