Petroleum Africa
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Monday, December 2, 2013
Tower Resources subsidiary, Neptune Petroleum (Namibia), received formal notification from Repsol that drilling of their first well on Namibia’s PEL 0010 will be delayed. According to Tower this is due to the scheduled arrival of the Rowan Renaissance drillship offshore Namibia at the Welwitschia-1 well being delayed by approximately one month. The rig is now scheduled to arrive at the well location on March 23 and it is estimated that the drilling of the well will commence at the end of March.
The Rowan Renaissance is a new build, dual-stack, 6th generation drillship, being constructed in the Ulsan shipyard, South Korea, by Hyundai Heavy Industries and is on a three year, international, multi-well contract to Repsol. The vessel is expected to depart South Korea towards the end of January 2014 after wet testing the blow-out preventers. Following its departure, the rig will then make two scheduled stops in Singapore and Cape Town. These operational ‘stop overs’ also allow the loading of drilling related equipment.
Graeme Thomson, Tower’s CEO, commented: “Whilst we have been aware of the more conservative timing suggested by Rowan’s recent Fleet Status Report the formal notification from the Operator and Rowan is in fact a new development, but it is only a short delay. We and the market are increasingly excited as the drilling of Welwitschia-1 draws closer and will provide further updates as we move towards the spud date of this giant prospect.”
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