Wick partners take ‘important step’ toward exploration well

The location of the Wick well.
The location of the Wick well.

Partners behind the Wick oil field project in the Moray Firth said today that they had taken a major step towards drilling an exploration well.

They have signed an authority for expenditure (AFE) form, a budgetary document which estimates the cost of drilling a well.

Approving an AFE is generally the final step in the well planning process.

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