LONDON – Drilling on the Bargou exploration permit offshore Tunisia should start between December 2012 and March 2013, according to partner Dragon Oil.
Timing will depend on when the jackup GSP Jupiter is released from prior commitments. Cooper Energy operated the permit.
Dragon will contribute 75% of the cost of the Hammamet West-3 well, up to $26.6 million (on a 100% basis). If costs are higher, the excess will be shared by the partners according to their interests.
The well plan comprises a pilot hole followed by a slanted or horizontal section to intersect the fractures within the Abiod formation, thereby increasing the reservoir’s flow potential.