GBP 0.00% 2.5¢ global petroleum limited

A little more information by the same author...Tullow to Drill...

  1. 106 Posts.
    A little more information by the same author...

    Tullow to Drill Second Oil Well in Arua
    Frank Mugabi
    10 February 2010

    --------------------------------------------------------------------------------

    Email|Print|Comment
    Share:
    Kampala ARRANGEMENTS to drill a second oil well at Avivi-1 in Arua district received a major boost over the weekend as parts of the long-awaited rig started moving in.

    The first fleet of heavy-load trucks made its way through the town on Saturday, triggering excitement among residents.

    More semi-trailer loads of massive equipment arrived on Sunday.

    Neptune Petroleum Uganda, the firm licensed to explore oil in Exploration Area 5, reported last week that the operations at Avivi-1 would be delayed for a couple of weeks due to a catch in getting a rig.

    The delay setback the initial plans by about two weeks.

    Peter Kingston, the Neptune executive chairman said the rig they expected had finished drilling Tullow's successful well at Kasamene-2, but there were operational delays in the completion of the well.

    The rig is owned by Oil & Gas Exploration Company Cracow (OGEC).

    With the new development, officials from Neptune said Avivi-1 would be spudded as soon as the rig is assembled.

    Residents have been waiting keenly ever since the first well, Iti-1, was drilled and abandoned in June last year for lack of commercially viable hydrocarbons.
 
watchlist Created with Sketch. Add GBP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.