Repsol Namibian Well to Spud February 2014

Sub-Saharan Africa-focused Tower Resources reported Friday that drilling of the Welwitschia-1 well in the Walvis Basin, offshore Namibia, is now planned to begin in mid-February 2014. The company confirmed a firm rig is in place, a drilling located agreed, a site survey largely completed and the longest lead items are being manufactured.

Tower said Repsol, the operator, will take delivery of the Rowan Renaissance (UDW drillship) in December this year when it will move directly to Namibia.

Tower CEO Graeme Thomson commented in a company statement:

"Preparations for the Welwitschia-1 well are progressing at accelerating pace. Based on Tower's updated CPR, the Welwitschia-1 well will target risked prospective resources of 496 million barrels of equivalent net to Towers' 30-percent interest in Licence 0010 across multiple reservoir horizons.

"The drilling cost equates to about five cents per risked barrel of oil equivalent. Drilling is now scheduled to be starting earlier, in mid-February 2014. We look forward to further updates as we move quickly to drill on this giant prospect."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Scottish Government Reveals New Subsea... (Jan 20)
 -  SOFF Secures Services Contract for Jan... (Jan 20)
 -  NPD Grants Lundin Permit for Appraisal... (Jan 20)
 -  Lion: AMT-1 Well Abandoned After Stuck... (Jan 20)
 -  Unite: Workers 'Deeply Unhappy' About ... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
U.S. Zanesville: Sr Field Engineer - Directional Drilling
Expertise: Directional Driller
Location: Zanesville, OH
 
United States Canonsburg: Service Manager
Expertise: Customer Service|WellSite Supervisor
Location: Canonsburg, PA
 
Drilling Engineer II Job
Expertise: Drilling Engineering|Petroleum Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours