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 >>

CGG Completes Delivery of Norway’s Diskos Data Management Solution
  Norway >>  8/27/2015 - CGG announced that its E&P data management solution for the seismic, well and production modules in the Diskos database, Norway’s National Data Reposi...
TGS Received Authorization from CNH for Multibeam, Coring and Geochemical Analysis Data
  Mexico >>  8/24/2015 - TGS has received authorization from Mexico's Comision Nacional de Hidrocarburos (CNH) for the acquisition of multibeam, coring and geochemical analysi...

EMGS Reports Multi Client Sales from its Barents Sea Library
  Norway >>  8/19/2015 - Electromagnetic Geoservices ASA (EMGS) has entered into a new data licensing agreement with an oil company for the provision of 3D EM data from the mu...
MCG Operational Update on Mexico Multi-Client 2D Seismic Survey
  Mexico >>  8/13/2015 - MultiClient Geophysical ASA (MCG) commenced operations on the 31,600 km Maximus 2D Multi-Client survey in Mexico on the 25th July 2015. More than 2,00...

Khet Co Awarded 2D Seismic Acquisition in Blocks IV and V
  Mongolia >>  8/13/2015 - Petro Matad Limited is pleased to announce, following the Company's operational update of 22 June 2015, the award of a contract to Khet Co., for the a...
BGP Commences a 3D TZ Survey for KOC
  Kuwait >>  8/11/2015 - BGP commenced a 3D transition Zone survey for Kuwait Oil Company (KOC) on August 8, 2015. The project covers 2500 km ². It is also an extremely challe...



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