AGR has been awarded a well management contract from international upstream exploration and production company, Cooper Energy Tunisa Bargou (CTEB). This will see AGR perform the planning, execution and post-drilling activities for a one well programme in the Gulf of Hammamet, offshore Tunisia.
Sverre Skogen, AGR’s CEO, commented: “This is a significant win for AGR. Planning work has now commenced out of our Dubai office and once this is complete an operations team will move to the on-site project base prior to the well spudding later this year.
“We look forward to supporting CETB in achieving their desired results in a location where we have been successful in the past. This activity complements another contract win offshore of Tunisia which will see us perform a drilling feasibility study for five wells on behalf of an energy investment company, placing us as a strong, reputable player in this region.”
AGR is currently seeking a suitable jack-up rig to operate the well whilst investigating the possibility of incorporating it into a larger drilling campaign in the Mediterranean Sea.
Source: AGR, May 22, 2012