Rig secured to drill offshore Tunisia

Offshore staff

SUBIACO, Australia – Cooper Energy Ltd. (ASX:COE) and the Bargou Joint Venture have signed a letter of intent with Grup Servicii Petroliere SA to contract the GPS Jupiter jackup rig to drill offshore Tunisia. The Hammamet West 3 well is scheduled to spud in December 2012, depending upon completion of prior rig commitments.

Hammamet West oil find is on an anticline in the Bargou Exploration Permit, Gulf of Hammamet in 50 m (164 ft) water depth. Two wells drilled to date indicate a gross oil column of at least 190 m (623 ft) in the Abiod formation.

Participants in the Bargou Joint Venture are Cooper Energy Bargou Ltd. (30% and operator), Dragon Oil plc (55%), and Jacka Tunisia Bargou Pty Ltd (15%).

7/16/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...