Caspian Sunrise PLC (LSE:CASP) has begun drilling its first well in the West Shalva Contract Area, acquired earlier in 2025. The drilling operation will target Jurassic sandstone and Triassic limestone formations, with the well expected to reach a depth of 3,000 meters over a two-month period. This initiative represents a key milestone in the company’s expansion strategy, with potential to enhance oil production capacity and strengthen its market position.
About Caspian Sunrise
Caspian Sunrise PLC is an oil and gas exploration and production company. The firm focuses on developing oil fields and recently expanded its operations with the acquisition of the West Shalva Contract Area.
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