Source: Sterling Energy
Sterling Energy reported that operations at the Sangaw North #1 exploration well in Kurdistan northern Iraq have been halted following a failure of drilling rig equipment.
The extent of the repair work is being assessed, however an initial assessment indicates the requirement for replacement parts to be imported and mobilization of specialist engineers to complete the repairs. Sterling estimates that repairs may take up to 21 days to complete.
Following the satisfactory completion of repairs, Sterling will resume the drill stem testing of the prospective zones identified from the well data.
Initially expected to take 180 days, drilling commenced on the Sangaw North #1 exploration well on February 1, 2010. The well is being drilled using the 2,000 horse-power Sakson PR-4 rig to a planned total depth of 3,660 meters targeting several Cretaceous and Jurassic aged reservoirs.
Sterling serves as the operator with 53.33 percent interest. Partners on the project include Addax with 26.67 percent interest and KNOC with 20 percent interest.