Caspian Sunrise PLC (LSE:CASP) has secured an extension to the Yelemes Deep licence within the BNG Contract Area, giving the company the green light to restart development activities at Deep Well 803. The renewed term marks a meaningful step forward for the operator, opening the door to additional exploration work and the possibility of boosting future production, which could further solidify its standing in the regional oil sector.
More about Caspian Sunrise
Caspian Sunrise PLC is an oil exploration and production company focused on unlocking both shallow and deep reservoirs in the BNG Contract Area, situated near Kazakhstan’s Tengiz oilfield.
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