• BW Offshore: Extension for Sendje Berge

by abarrelfull

The Ogueyi license area is an exploration block operated by Perenco with a gross area of 1,339 km2 (330,900 acres) on the eastern edge of the Port Gentil basin, onshore Gabon. The Port Gentil basin is a well-established hydrocarbon province, producing mainly offshore from post salt formations of late Cretaceous age. Perenco has identified several prospects and leads on the block which is covered by suite of approximately 2,551 km of 2D seismic data. The Azango-1 exploration well in the Ogueyi license area was spudded in early May 2009 and is expected to reach a total depth of 1,685 metres in June 2009.

Under the terms of the farm-in, Addax Petroleum has agreed to fund the Azango exploration well up to a maximum cost of $8 million. In addition, Addax Petroleum has the option to make additional staged payments to Perenco based on future exploration results in order to earn a 50 per cent interest in the license area. This farm-out is part of the Perenco risk management strategy which aims to broaden the drilling portfolio by finding like-minded partners on all 100% equity licenses, and to farm-in on a non-operated basis to other prospective exploration acreage.

The assignment of the 50 per cent interest to Addax Petroleum is subject to the approval of the Government of Gabon.

• Participation of Addax Petroleum Corporation in Azongo exploration well

by abarrelfull

“We are pleased to have signed this contract with a very experienced operator in West Africa, which is a priority market to us due to its significant resources and importance to the global oil and gas supply,” says Martin Fruergaard, Chief Commercial Officer in Maersk Drilling.

The Maersk Endurer is a harsh environment jack-up. It was acquired by Maersk Drilling in 1996 and significantly refurbished and upgraded for work on the challenging Shearwater field in the UK Sector of the North Sea. The extensive modification scope covered, amongst others, a new accommodation block, new drillfloor/derrick and full compliance for HPHT operations.

• Maersk Drilling secures two year contract in Cameroon

by abarrelfull