Mauritania to See Tullow Spud

Mauritania will see some drilling action during Q2 from Tullow Oil. The Irish firm said that its work during 2012 to build in-country infrastructure will support its high-impact exploration program. Tullow plans to drill up to four wells starting in Q2.

The drilling campaign is designed to test new deeper plays in the offshore Mauritanian basin which have not been tested by previous exploration wells. Three of the four wells are scheduled to be drilled in 2013 using the West Leo rig which is has been operating in Ghana for Tullow. The company believes that there is significant follow-on potential if any of these wells proves to be successful.

Tullow has continued to build its equity position offshore Mauritania, following the award of the new C-10 license in 2011, it also completed farm-ins to the C-6 and C-7 Blocks. The C-10 license was awarded to cover the exploration areas previously covered by the Production Sharing contracts PSC A and PSC B. Extensions were also granted to the discovery areas of the PSC A and B licenses which contain the Banda, Tevet, and Tiof oil and gas discoveries. Tullow has increased its equity in all of these areas to over 60% and is the operator.

In November 2012 the Banda field was declared commercial and it is planned that the field will supply gas to a new local power station, subject to completion of a suitable Gas Sales Agreement. Discussions are now under way to put in place the commercial agreements that will underpin the project.

http://www.tullowoil.com

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