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Anglo African makes good progress in the Congo Republic
Independent oil and gas developer Anglo African Oil & Gas announced on Monday that Petro Kouilou, its 100% owned subsidiary in the Republic of the Congo, has finalised a contract with oil services company Schlumberger to supply support services for the drilling of the new TLP-103 well on its 56% owned Tilapia oil field in the prolific Lower Congo Basin.
The AIM-traded firm said operations at TLP-103 were planned to begin in June.
Anglo African said the services covered by the agreement included mud logging services, wire line, drilling and completion fluids and WBCO, casing accessories, cementing services, drilling bits, casing liner hanger, completion BHA components, TCP perforating guns, completion equipment and qualified completion engineers, and DST operations.
It said the comprehensive agreement ensured that the company had secured all the auxiliary personnel and services necessary to complete the drilling of TLP-103, a new multi-horizon well which - in addition to targeting producing reservoirs and an 8.1m barrel gross contingent resource discover - would test a deeper prospect, which had been assigned 58.4m barrels of gross prospective resources.
The company also confirmed that the workover of TLP-101 was now complete, and a very large build-up of wax in the flow lines had been removed.
It said the build-up of wax had accumulated over a long period of time, as no work had been carried out on the flow lines since TLP-101 was brought into production more than 10 years ago.
Anglo African said it had now begun a test programme, under which the flow rate and pressure were tested at different chokes, which was designed to determine the optimum flow rate for the well.
The company said it would announce the results of that test once complete, and would then evaluate whether further intervention was needed or merited.
Finally, the board said the the workover of TLP-102 by Schlumberger would take place earlier than previously announced, and the company now expected that workover to be completed by early April.
Anglo African said it would announce the results of that workover once complete.
"I am very pleased that the team both in the Congo and London continues to make excellent progress in executing on the development of the asset," said Anglo African executive chairman David Sefton.
"In particular, we now have certainty on all material contractors for drilling TLP-103 and so can move with confidence into the final stages of planning for this key new well.
"James Berwick and I want to express our thanks in particular to Gerard Bourgoin, the Directeur-General of Petro Kouilou, and the drilling manager, Alain Guiraud, for their extraordinary efforts over recent weeks."