President Energy is pushing ahead with drilling plans for its Rio Negro asset in Paraguay, starting in the second half of 2020. Locations have been identified for two new wells, which President is planning to start drilling within the next four months. Preliminary talks are taking place with service providers to capitalise on current pricing in view of the fact that many have significant capacity and there is currently virtually no new drilling of conventional wells taking place in the whole of Argentina, said the company.
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