Tower Resources gets more time at Thali block off Cameroon

Thali PSC; Source: Tower Resources

Oil and gas company Tower Resources has been awarded a one-year extension to the initial period of the exploration phase on the company’s Thali license offshore Cameroon.

Tower Resources said on Wednesday that it had applied to the Ministry of Mines, Industry and Technological Development for an extension of the initial period of the exploration phase of the Thali production-sharing contract of up to one year from its current expiration date – September 15, 2019.

According to the company, an extension was requested for the purpose of completing the Njom-3 well, currently in process on the Njonji structure.

Tower added that the Ministry had granted a further exceptional one-year extension to the initial period of the exploration phase on Thali.

The company also stated that Geoquip Marine had spent the last few weeks finalizing preparations for the MV Investigator drilling vessel to conduct the site survey on the Njom-3 drilling area before the start of drilling operations.

The MV Investigator is already in Cameroon on routine maintenance and is expected to begin work on the survey shortly.

When the survey report is complete, the company will discuss the survey results with drilling company COSL.

To remind, Tower decided to change the rig for the Njom-3 well in August 2019. As a result, it released Vantage’s Topaz Driller jack-up in favor of the COSL Seeker.


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