Anglo African Oil & Gas (AAOG), an impartial oil and gasoline developer, confirmed that the TLP-103 properly on the Tilapia oil discipline spudded at roughly 12 p.m. on 15 August 2018. AAOG holds a 56% working curiosity within the producing Tilapia discipline, which is situated within the prolific Lower Congo Basin within the Republic of the Congo.
TLP-103 can be drilled to an meant whole depth of two,700 metres with completion anticipated in 64 days. The Well targets a number of horizons together with the shallow R1/R2 sands which are already producing at Tilapia; an undeveloped discovery within the decrease Mengo sands; and a deeper exploration prospect within the Djeno interval from which the adjoining Minsala discipline produces at a charge of 5,000 bopd. Depending on outcomes from these three horizons, the Well may be prolonged down to check the Vanji Horizon.
David Sefton, Executive Chairman, commented: “The graduation of drilling operations forward of the schedule anticipated on the time of the current inserting represents the end result of a substantial quantity of onerous work by the staff. In the area of six months, now we have successfully constructed a brand new operations staff from scratch, commenced the properly planning course of, raised further funds, negotiated all related contracts, accomplished a brand new Environmental Impact Assessment, efficiently executed the workover of the 2 current wells and have now mobilised a whole drill staff and tools. This is an actual achievement for a junior oil and gasoline firm and I want to take this chance to commend the professionalism and experience of each AAOG’s administration and the in-country staff on the bottom.
“As has been the case since itemizing, TLP-103 has a extremely enticing danger / reward trade-off: low danger related to the event of confirmed intervals at Tilapia; and excessive reward within the occasion of success on the deeper prospect within the Djeno. With this in thoughts, I sit up for offering additional updates on progress on the properly web site over the approaching weeks, as we give attention to realising Tilapia’s appreciable potential.”
The Tilapia Field is 1.8km offshore of the Republic of the Congo, situated within the Lower Republic of the Congo Basin. It is drilled from onshore and has manufacturing and storage services onshore. It is a 45 minute drive from Point Noire and 17km from the closest refinery. (Source and picture: Anglo African/Drilling location close to the shore of the Republic of Congo)
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