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Thursday, May 22, 2014
Tower Resources released an update on the Welwitschia-1 well, saying that drilling operations will not recommence until the end of May. The company, through its wholly-owned subsidiary Neptune Petroleum, announced in April that it had received formal notification from operator Repsol Exploration that the Rowan Renaissance Drillship spudded the well. The drilling operations were expected to be completed within 46 days and the well status was to remain ‘tight hole’ with a full update once operations on the Welwitschia-1 well had been fully completed and analyzed.
The JV partners decided to plug and abandon the Welwitschia-1 well and re-spud the Welwitschia-1A 50 meters from the original well as a result of the wellhead housing “slumping”. Despite the delay, it was expected that the re-spud would not impact on the overall cost or timing of the well. Repsol has since reported a further operational delay to the drilling program due the Blow Out Preventer (BOP) control system. Drilling has been suspended while Repsol and the drilling contractor, Rowan, are taking measures to rectify the fault so that they are able to recommence drilling safely.
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