AAOG Readies for New Tilapia Well

Monday, September 18, 2017

Anglo African Oil & Gas (AAOG) will drill a new well on its producing Tilapia oil field in the Republic of Congo (ROC). The rig is currently under contract with a major international oil company in close vicinity to Pointe Noire.

According to AAOG, the company that has the rig under contract at this timehas completed a full inspection of the rig and requested some technical adjustments which will not be completed until mid-October and, accordingly, it is unlikely that the rig will be operational at its current site before November 2017. It is therefore not anticipated that the rig will be available to AAOG until mid-December at the earliest.

However, AAOG will benefit from having access to a rig that will have passed the standards of an internationally recognized operator, and already been bedded down and completed drilling in country immediately prior to drilling TLP 103.

In the meantime, the operations team continues to focus on optimizing production at the TLP 101 well where quotes for replacing the entire flow lines between the well head and the separator have been received and a work order will be issued, with the work being completed by the end of October. Production from this well is currently around 48 bopd. The company continues to adopt a prudent approach to its cash management and the executive team’s incentives remain aligned to increase production at Tilapia.

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