The initial well, the Sabu-1, is scheduled to begin drilling in October at a site in about 700m of water.
The Sabu-1 will target a four-way anticline prospect with upper Cretaceous sands and is anticipated to be drilled to a total depth of 3,600m.
Hyperdynamics president and CEO Ray Leonard said with the drill ship now on its way to West Africa and the majority of the other equipment and services needed for the first two wells contracted for, the company is moving closer to testing the resource potential of our shallower-water objectives through the drill bit this September.
Hyperdynamics is operator of the Guinea project, with a 77% participating interest; the remaining 23% is held by Dana Petroleum, a subsidiary of the Korean National Oil Company.
AGR Petroleum Services is providing management services during the drilling phase of the project.
Hyperdynamics is an oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa.
