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Friday, October 25, 2013
Cooper Energy Ltd. operator of the Bargou Permit offshore Tunisia reported that the JV has decided to release the rig currently on location, GSP Jupiter, from Hammamet West-3 after completing operations to suspend the well. The drilling of a second deviated wellbore (ST-2) from the well will be undertaken by another rig at a later date.
As previously announced the JV decided to drill ST-2 to access and production test hydrocarbon bearing fractures in the Abiod formation targeted and confirmed by the initial deviated well bore (ST-1), using the rig on location, subject to the finalization of terms. The GSP Jupiter could not be secured on acceptable terms and the duration required to allow a production test, and therefore the JV has decided to contract an alternative rig for the ST-2 wellbore.
It is expected that ST-2 will be drilled as soon as practicable, with this date to be primarily determined by rig availability.
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