GeoGlobal awaits rig for Israel commitments

Offshore staff

CALGARY, Canada -- GeoGlobal Resources expects to receive the drilling rig Noble Homer Ferrington by late March or mid-April.

The rig is currently working in Israeli waters, and has been contracted for a campaign on GeoGlobal’s Myra license. However, the timing of its arrival will depend on the completion of its current obligations, which could include a testing program at its current location.

Noble Homer Ferrington is a 4th Generation Enhanced Pacesetter semisub capable of drilling in water depths of up to 2,100 m (7,000 ft).

GeoGlobal says the 43 sq km (16.6 sq mi) of 3D seismic acquired last summer on the Samuel license has been processed. Submission of the preliminary report to Israel’s Ministry of Infrastructure was due to be completed by Feb. 1, 2012. Interpretation of the data should finish by end-March.

ION Geophysical in Houston has been hired to process the data, which will help determine drilling locations on the license.



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