The bore drilled by the company is the first since Chevron’s acquisition of a stake in LL Investicijos last October, the company says in a press release.
Gilbert Ankenbauer, CEO of Chevron Lietuva, Chevron’s Lithuanian subsidiary, earlier said that well and boring data would let the geologists better study local geological structures.
According to the press release, LL Investicijos plans to drill up to the sandstones at the depth of 2,000 meters.
Tan Oil and Chevron Global Energy own 50 percent of shares in LL Investicijos each.
