Welwitschia-1 Drilling Operations Expected to Commence this Week

Source: www.gulfoilandgas.com 4/22/2014, Location: Africa

Tower Resources plc, the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited, expects formal notification from Repsol Exploration (Namibia) (Pty) Limited, the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship will commence drilling operations in Walvis Bay, Namibia by 25 April, 2014. This is a little later than expected owing to prolonged acceptance-testing by Repsol in advance of it taking the Drillship on a three-year contract.

The Welwitschia-1 prospect which is targeting net risked recoverable resources of 496 mmboe to Tower's 30% interest (based on the updated CPR - July 2013) and will intersect up to five separate reservoir targets ranging from the Palaeocene-Maastrichtian to the Albian Carbonate sequence at a potential total depth (TD) of 3,000m TVDSS. The Operator expects this to take up to 46 days.

During drilling there will be no updates to the market as this well is classified as a "tight hole". Accordingly the Company will provide a comprehensive update only once operations on the Welwitschia-1 well have been fully completed and analysed.

Graeme Thomson, Tower's CEO, commented: "We are very excited that the high potential Welwitschia well is to commence drilling in the coming days. This follows hard-on-the-heels of our announcement of a $32m placing, acquisition of exploration interests offshore South Africa, onshore Zambia and of an interest in Block 2B onshore Kenya where we expect to be drilling in late 2014. We are fulfilling the strategy we set out in mid-2013 to build a pan-African portfolio of high upside exploration licences combined with near-term material drilling opportunities."

For more information about related Opportunities and Key Players visit West Africa Projects


Germany >>  8/18/2022 - Neptune Energy announced drilling has begun on a new production well at its operated Romerberg oil field in the Rhine Valley, south-western Germany....
Norway >>  8/15/2022 - The Norwegian Petroleum Directorate (NPD) has granted PGNiG Norway Upstream AS drilling permit for well 6608/1-1 S, cf. Section 13 of the Resource Man...

Norway >>  8/12/2022 - Aker BP ASA, operator of production licence 941, has concluded the drilling of wildcat well 6507/3-15.

The well was drilled about 14 km nor...

Australia >>  8/9/2022 - Central Petroleum Limited (“Central”) advises that as at 0600 hrs ACST on 8 August 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Spr...

Norway >>  8/9/2022 - The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in block 6507/8 in the Norwegian Sea.

Operator: E...

Guyana >>  8/5/2022 - The drilling of the Beebei-Potaro exploratory well, located in the Kanuku licence, off the coast of Guyana, has been finished, according to Tullow Oil...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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