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 Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

SeaBird Wins Seismic Contract in Gulf of Guinea
  Guinea >>  8/25/2014 - SeaBird Exploration Plc has been awarded a contract for a 3D seismic survey in Gulf of Guinea, West Africa for the vessel Geo Pacific. The survey will...
Swala Commences the 2014 Seismic Survey in Tanzania
  Tanzania >>  8/25/2014 - Swala Energy Limited (Swala) is pleased to announce the start of its 2014 2D seismic data acquisition programme over the Moshi Basin located within th...

Polarcus Successfully Completes UKCS Program for TGS
  United Kingdom >>  8/20/2014 - Polarcus Naila has continued to deliver superior performance since her propulsion upgrade in April this year. The modern 3D seismic vessel has recentl...
Providence Commences 3D Seismic Survey Offshore Ireland
  Ireland >>  8/14/2014 - Providence Resources P.l.c., the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), is ple...

CGG Awarded $200m Major OBC Contract by Pemex
Mexico >>  8/11/2014 - Pemex awarded CGG a contract worth close to US $200m for ocean bottom cable (OBC) 3D-4C seismic work in one of the oil company’s most important produc...
Fleurette Provides Seismic Update in DR Congo
  Congo, Democratic Republic (Zaire) >>  8/7/2014 - Oil of DRCongo, the Fleurette Group's oil exploration subsidiary, announces an update of the interpretation of the recently processed 3D seismic surve...



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 GN GQ 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 E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us