Hagar Qim Rig Completes Drilling

Mediterranean Oil & Gas (MOG) reported Wednesday that the rig used to drill an exploration well targeting the Hagar Qim prospect, offshore Malta, completed operations on July 7 and has now moved off location. The well was drilled by the Noble Paul Romano (DW semisub) rig.

MOG previously announced on July 3 that Phoenicia Energy Company, the operator of Offshore Malta Area 4, Block 7, drilled the Hagar Qim-1 well to the Eocene layer but that the well was then plugged and abandoned with no indications of hydrocarbons.

On May 23, MOG received a takeover bid from Rockhopper Exploration – another junior oil firm that currently explores basins around the Falkland Islands in the South Atlantic. Following the completion of the farm-out of its Sea Lion discovery, offshore the Falkland Islands, Rockhopper is keen to develop opportunities in other regions as well as build a balanced portfolio of assets.