Press

Anglo African Oil & Gas - Operational Update on Well TLP-103C at the Tilapia Field in the Republic of the Congo

Posted by OilVoice Press - OilVoice

12-Nov-2018


Anglo African Oil & Gas plc, an independent oil and gas developer, provides an operational update on well TLP-103C (‘TLP-103C' or ‘the Well') being drilled on the Tilapia field in the Republic of the Congo. 

  • The rig has not suffered any mechanical issue, however the Company has insisted that the rig company replace two parts which have been found to be worn and which will be critical in the deeper sections of the Well.  As a result of this request drilling has been temporarily suspended pending the replacement parts arriving in Pointe Noire.
  • This decision was taken to avoid the risk of damage to the target horizons should these parts fail and not as a result of any breakdown.
  • Contrary to speculation, the drill is proceeding well and results thus far are in accordance with the geological model.  No geological or formation problems have been encountered, the Well is intact and there is no damage to the Well.
  • The Company is on zero rate with SMP pending the new parts being installed.  Once installed, drilling will commence immediately.
  • The Company's CEO is scheduled to meet with SMP in Paris on Monday to discuss the rig performance and the financial consequences of this downtime.

David Sefton, Executive Chairman, commented, “The Company will not risk damage to the target horizons, and so has insisted on these replacement parts. The delay is temporary and the issue is entirely related to the rig and the drilling contractor.  Up until this point, the geology encountered by TLP 103C has been in line with the pre-drill geological model. There have been no problems encountered with the Well.  Operations will recommence as soon as possible.”



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Tilapia FieldAnglo African Oil & GasRepublic of CongoCongoAfricaOffshore

More items from oilvoice


Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 3 months agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 7 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 7 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 7 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 8 months agoPress > TotalDividend
All posts from oilvoice