By Phaedra Friend Troy
In a stock exchange announcement Thursday, project partner Cove Energy (LON:COV) confirmed statements made by Anadarko Petroleum Corp. (NYSE:APC) in its quarterly review that drilling at the Ironclad well offshore East Africa’s Mozambique has been delayed by strong currents at the drilling site.
During quarterly earnings presentation, Anadarko’s Senior Vice President of Worldwide Exploration Robert Daniels revealed that drilling at the prospect has been stalled.
“The Ironclad's drilling, and we haven't made a lot of progress here lately,” Daniels said. “We've got into a situation where we've got some current, some deep-sea currents, that are above the riser, and so we're just waiting until those currents dissipates so we can get back to drilling.”
Once the currents subside, drilling is expected to recommence. Clove expects to test the Ironclad well soon and report results in the next few weeks.
“I would look for probably in the next month to be hearing something about that, but we do need the sea state conditions to calm down a little bit, so that we can actually get the drill pipe and hole and continue on drilling,” Daniels said.
Earlier in 2010, the Windjammer exploration well discovered a gross column of more than 1,200 feet of natural gas pay in high-quality reservoir sands -- the first ever offshore the East African country. The Windjammer discovery tapped just one of seven identified play types in the acreage offshore Mozambique.
In April, drilling of the Collier 1 exploration well on the concession was suspended for safety reasons.
Located in Offshore Area 1 of the Rovuma Basin 30 miles offshore Mozambique, the Ironclad prospect is situated about 70 miles from the Windjammer discovery. The water depth at the well reaches 4,800 feet, with the total depth of the well targeting approximately 14,000 feet. Drilling the well was expected to take 90 days for a cost of $80 million.
Once drilling has concluded at the Ironclad prospect, the Belford Dolphin drillship will move to the Barquentine prospect for a test of the Oligocene formation and an appraisal well in the Paleocene accumulation on the Windjammer field.
Anadarko serves as the operator of the Rovuma Offshore Area 1 with 36.5 percent interest. Project partners include Mitsui with 20 Percent, BPRL with 10 percent, Videocon with 10 percent, ENH with 15 percent and Clove with 8.5 percent working interest.
Deep-sea currents delay Ironclad drilling offshore Mozambique
By Phaedra Friend Troy