Petroleum Africa
Find us on: 
Wednesday, December 13, 2017
Anglo African Oil & Gas (AAOG) revealed that it’s drilling on the Tilapia oil field offshore the Republic of Congo (ROC) will be delayed. The company plans to increase production by the workover of existing wells and the drilling of theTLP-103 well.
AAOG has recently inspected its preferred rig for the drilling of TLP-103, which is on operation with a major international oil company in ROC. The work for the other company is now scheduled to complete in January, a delay from the earlier estimate of mid-December. Negotiations for the terms for the preferred rig are in their final stage. Due to the delays in the availability of this rig over the past months, the company has taken steps to mitigate the effect of any further delay.
In particular, AAOG is discussing alternative offers in place from other contractors in order to ensure that drilling can commence in Q1 2018. Consistent with this, the company will not sign a rig contract until availability is guaranteed.
The TLP-103 well is a new multi-horizon well which, in addition to targeting producing reservoirs and an 8.1-million barrel gross contingent resource discovery, will test a deeper prospect which has been assigned 58.4million barrels of gross prospective resources.
The company went on to say that it is in advanced discussions with the relevant government authorities for the award of a new license in respect of the Tilapia field which, if awarded, will extend its interest in Tilapia for a considerable period beyond the 2020 end date of the current license. AAOG wishes to ensure that this process is completed before the start of drilling of TLP-103.
The company has managed its cash resources such that it has sufficient capital to meet its share of the costs of drilling TLP-103.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
