Gulf Oil and Gas accountACCOUNT

AOC Awards Rig Contract to Sakson Drilling

Source: www.gulfoilandgas.com 8/17/2011, Location: Africa

Share |
Africa Oil Corp is pleased to provide an update on drilling operations related to the two-well exploration program in the Dharoor Valley Block, located in Puntland (Somalia). Drilling locations have been selected over two robust prospects targeting gross best estimated prospective resources of over 300 million barrels each, based on internal estimates. A contract has been awarded to Sakson Drilling and Oil Services who will provide a 1,500 horse-power, top drive equipped rig. The majority of the drilling-related third party service contracts have been entered into and all outstanding service contracts are expected to be completed before the end of August.

The Company is actively engaged in sourcing drilling related materials and early stage logistics including drill site and ingress route construction. A contract has been signed with a water well drilling company and water well drilling will commence in early September. Mobilization of required personnel and equipment is planned to allow for spud of the Shabeel-1 well during the fourth quarter of this year.

The Puntland Government and Dharoor Valley communities are fully supportive of the drilling project and have ensured they will do all that they can to allow the project to move forward safely and expeditiously.

Keith Hill, Africa Oil's President and Chief Executive Officer, commented, "We are very pleased to have signed a drilling rig contract and to have procured the required services to allow us to commence drilling operations in Puntland. With support from the local communities and Puntland Government, we are eager to drill the first exploration wells in Puntland in over 20 years, aimed at unlocking the resource potential of the area."

Rigs >>

Rigs News in Somalia >>

United Kingdom >>  6/22/2016 - Noble Corporation plc has received the full settlement value of $540 million from Freeport-McMoRan (Freeport) pursuant to the previously announced set...
Norway >>  6/21/2016 - Statoil will suspend the Songa Delta contract after the current well, Slemmestad, in the North Sea. From end June, 2016, the rig will go on 75% suspen...

India >>  6/16/2016 - The Oil and Natural Gas Corporation Limited (ONGC) has, with the support of Aqualis Offshore, set a new pre-monsoon rig move record offshore India. ON...
Portugal >>  6/9/2016 - Saipem has been awarded new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin A...

Scotland >>  6/9/2016 - Leading global drilling and engineering contractor, KCA Deutag, has sold its jack-up drilling unit, the Ben Rinnes, to an integrated energy and servic...
Singapore >>  6/8/2016 - Sembcorp Marine Ltd refers to the December 3, 2015, statement on a standstill agreement between North Atlantic Drilling Ltd (“NADL­”) and Jurong Shipy...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Somalia Oil & Gas 1 >> 

Oil & Gas Projects in Somalia >>

More News

 

Oil & Gas Companies in Somalia >>


Related Links

AO BJ BW CD CG CI CM DJ DZ EG EH ET GA GF GH GM GN GQ GW KE LR LY MA MG ML MR MW MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.