African Petroleum to Spud its 1st Well in Liberia

Source: www.gulfoilandgas.com 8/11/2011, Location: Africa

African Petroleum Corporation Limited commenced drilling its first exploration well in Liberia on 8 August 2011 with the Maersk Deliverer semi-submersible deepwater drilling rig. The Company has a 100% interest in Blocks LB-08 and LB-09 and is fully funded for a further 5 additional exploration wells.

African Petroleum will be drilling the “Apalis” Prospect on Block LB-09 in Liberia with estimated prospective recoverable oil resources of 500 (mean case) to 1,000 (upside) million barrels. Detailed technical analysis of the 3D seismic data acquired in 2010 has shown that the “Apalis” Prospect may contain multiple sand reservoirs in the Upper Cretaceous Maastrichtian and Turonian as well as in the Aptian and Albian. Some of the potential reservoirs in the “Apalis” Prospect have a well-developed 3D seismic class 3/4 AVO response, similar to those reported for nearby discoveries in Sierra Leone and Ghana.

Due to the tightening rig market and limited availability of deepwater 5th generation drilling rigs in the West African region, African Petroleum has entered into agreements with Lukoil Overseas Cote d’Ivoire E&P Ltd (“Lukoil”), Vanco Cote d’Ivoire Ltd (“Vanco”) and AP Moller-Maersk (“Maersk”) that the Maersk Deliverer will be released to Vanco and Lukoil for two wells after the drilling of the “Apalis” Prospect and will then be returned to African Petroleum for one additional well. The agreement to swap drilling slots with Lukoil and Vanco enhances the flexibility of the Company’s 2-3 well drilling program planned for 2012 as it allows the Maersk Deliverer to be reserved for the deepest water exploration drilling targets.

Additionally, the planned interval between the “Apalis” well and the second well allows for the integration of both the geological and operational information to be better utilized in planning the 2012 wells. African Petroleum is currently planning to contract a second deepwater rig in 2012 to accelerate drilling plans in the West African Transform Margin.

Block SL-03, offshore Sierra Leone, immediately to the west of the Anadarko Venus and Mercury discoveries was ratified by parliament in February 2011. The Geo-Caribbean 3D Seismic Vessel has been contracted to undertake a 2,500 sq km 3D seismic survey on Block SL-03, which is currently underway. Further additional 3D seismic surveys are planned for 2011/2012 in West Africa.


United States >>  7/1/2022 - As the second step in a three-step planning process, the Department of the Interior issued the “Proposed Program” for the National Outer Continental S...
United States >>  7/1/2022 - On July 1, 2022, the Department of the Interior (DOI) announced the availability of the Proposed Program for the 2023-2028 National Outer Continental ...

United Kingdom >>  6/28/2022 - Baron Oil Plc, the AIM-quoted oil and gas exploration company with projects in SE Asia and the UK, announces that at the Annual General Meeting of the...
Egypt >>  6/27/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Roger Planck, Chairman of the Board of Directors of the American ...

Mongolia >>  6/27/2022 - The AIM-listed Mongolian oil explorer Petro Matad Limited ("Petro Matad" ) releases its audited final results for the fiscal year that ended on Decemb...
Uruguay >>  6/27/2022 - With assets in oil production, appraisal, development, and exploration across the region, Challenger Energy (CEG), an oil and gas company with a focus...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.