Seismic survey: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Signing LOI Between Tower & TESLA-IMC International

Source: www.gulfoilandgas.com 4/13/2011, Location: Africa

Share |

Tower Resources plc, the oil and gas exploration company with interests in sub-Saharan Africa, principally in Namibia and Uganda, is pleased to provide an update to shareholders on its operation in Uganda, managed by Neptune Petroleum (Uganda) Limited.

A letter of intent in advance of a contract for the 2-D seismic programme of 150-200 kms has been signed with TESLA-IMC International Limited and line clearance is expected to begin by late April. Completion is targeted for end June 2011, by which time a well location can be selected. A high-density geochemical survey, conducted by GORE Geochemical Surveys, is also underway over the prospect area together with focussed sampling around the two existing wells and an oil-bearing well in EA1. The Environmental Impact Assessment and early operational planning for a third well have begun. Now that the political uncertainty with respect to long-term development planning in Uganda appears to have been resolved, a final phase of the farm out programme has been initiated. The Tower Board has raised the additional equity capital required to undertake the seismic programme on schedule and a well can still be drilled in October 2011, subject to rig availability. If the cost of seismic is subsequently met by a third party, the funds will be deployed on new projects.

Peter Kingston, Executive Chairman of Tower Resources, commented: "I am pleased that the Uganda seismic and well programme is still on schedule."

Seismic survey News in Uganda >>

BG Brasil & Senai CIMATEC Launch Latin America’s Fastest Supercomputer
  Brazil >>  5/27/2015 - BG Brasil and Senai CIMATEC unveil the fastest ever supercomputer in Latin America at the Senai CIMATEC Supercomputing Center for Industrial Innovatio...
Schlumberger and Spectrum in Mexico Deepwater Seismic Agreement
  United States >>  5/19/2015 - Spectrum has entered into a cooperation agreement with Schlumberger, the world’s leading provider of oilfield services to the upstream E&P industry, t...

Petroleum Geo-Services ASA - First Mover Offshore Mexico
  Mexico >>  5/18/2015 - Petroleum Geo-Services ASA commenced operations of a MultiClient 2D seismic program offshore Mexico on May 16th. The two 2D vessels Atlantic Explorer ...
TGS Provides Gigante 2D Offshore Mexico
  United States >>  5/18/2015 - TGS announces Gigante, a 181,500 km regional 2D seismic survey in the Gulf of Mexico. TGS is pleased to confirm that it has received a seismic permit ...

Baron Signed a Seismic Contract with GSS on Block XXI
  Peru >>  5/15/2015 - The board of Baron are pleased to announce that the Company's local Subsidiary, Gold Oil Peru SAC, has signed a seismic contract with GSS, a Houston b...
Borders & Southern Completed a Comprehensive Seismic Study
  Falkland Islands >>  5/14/2015 - Borders & Southern provides a technical update on its Darwin Gas Condensate Discovery and near-field prospectivity. ...



Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Uganda Oil & Gas 1 >>  2 | 3 |

More News

Oil & Gas Projects in Uganda >>

Oil & Gas Companies in Uganda >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed