BowLeven plc said the D-1 exploration well, located in Block MLHP 5
offshore Cameroon, has had to be re-spudded due to mechanical and subsequent well
control problems at the first location. The rig has been moved a short
distance, and re-drilling of the well has now commenced. The total depth and
objectives of the well remain unchanged.
The well will be drilled to a depth of approximately 10,000 feet, and total
operational time is currently estimated at approximately 8 weeks.
BowLeven is in discussion with its insurers regarding the potential
recoverability of costs incurred on the first drilling location.
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