Although it had not been anticipated that such difficult drilling conditions would be encountered at these relatively shallow depths, the geological aspects of the well remain consistent with the pre-drill prognosis.
The rig operator is currently completing an overhaul and review of the rig in order to ensure that it is fully prepared for the significant challenges of the next section. Drilling is expected to recommence shortly, after which a forecast 91 days of drilling will be required to reach TD.
Martin Groak, CEO, commenting on today's announcement said:
"Al Jariya has proven to be a very challenging well and the Operator is proceeding as efficiently and as cautiously as the conditions permit. Although the relatively slow progress has brought with it substantially increased costs, the prospectivity of Jebel Hafit is undiminished and Indago is funded to complete both this well and the rest of the planned work program."
Indago holds an approximate 50% interest in Block 31 located onshore Oman. The Operator, RAK Petroleum PCL, holds the balance of the interest.
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