Anglo African Oil & Gas plc, an impartial oil and gasoline developer, introduced the mobilization of the SMP-102 rig which has been contracted by the Company to drill the TLP-103 effectively on the Tilapia subject within the Republic of the Congo.
Specialist transport contractor Ocean Express, which is answerable for delivering the rig to the location, has notified the Company that mobilisation is underway from Port Gentil in Gabon. The rig, SMP-102, which was final beneath contract with Total Gabon S.A, has cleared Gabonese customs and is at the moment being loaded onto the Kota Bakat. Once that is accomplished, the vessel will set sail from Port Gentil in Gabon to Pointe Noire within the Republic of the Congo. Loading must be full by the top of the week, following which the voyage is anticipated to take between two and three days.
On arrival at Pointe-Noire, and in spite of everything related customs checks and documentation have been accomplished, the rig will probably be transported the 40km by highway from the port to the drill website at Tilapia. Once onsite and rigged-up, a full pre-drill inspection of the rig will happen by each a global rig inspection firm contracted by AAOG and drilling contractor SMP Drilling. Depending on the time taken to clear customs, this stage may take between three and 4 weeks.
David Sefton, Executive Chairman of AAOG, stated, “With the SMP-102 rig now mobilised and funding in place, we’re on track to drill a doubtlessly transformational effectively for the Company. TLP-103 shouldn’t be wildcat exploration. It targets reservoirs which might be already producing at Tilapia in addition to an historic discovery within the deeper Mengo horizon and in doing so affords a low-risk alternative to extend manufacturing and transfer the Company into profitability.”
“At the identical time, nevertheless, TLP-103 has the potential to generate an distinctive return ought to the effectively encounter industrial hydrocarbons within the deeper Djeno horizon. In our view, TLP-103 due to this fact affords a extremely engaging threat/reward trade-off: low threat by focusing on manufacturing from confirmed sands; coupled with excessive reward by additionally focusing on a deeper horizon that’s productive on adjoining fields. We look ahead to offering additional updates on our progress over the approaching weeks and months.”
Anglo African Oil & Gas owns Petro Kouilou (KK) which is included within the Republic of the Congo. PK has a 56% curiosity within the Tilapia Field, which is situated within the Republic of the Congo. (Source: Anglo African – Image: Drilling rig SMP-102/Thomas Brunet)
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