Tower Resources Cameroon, a subsidiary of British oil and gas company Tower Resources, has signed a contract with Vantage Drilling for the Topaz Driller jack-up rig to provide drilling operations for the NJOM-3 well, which is planned for Tower’s Thali license, offshore Cameroon, in the second quarter of 2019.
Image: Tower Resources signs deal with Vantage for drilling at proposed well in Cameroon. Photo courtesy of rawpixel on Unsplash.
A Baker Marine Pacific Class 375 jack-up, the Topaz Driller was recently mobilized to Cameroon by NewAge as operator for the Etinde license for two appraisal wells and is currently employed in Gabon.
The NJOM-3 well will target gross mean contingent (2C) resources of 18 million barrels across the Njonji-1 and Njonji-2 fault blocks in the south of the Thali license with an EMV10 of $118m, as identified by the Oilfield International (OIL) Reserves Report announced on November 1, 2018.
Furthermore, the company expects the NJOM-3 well to de-risk an additional 20 million barrels of gross mean prospective resources across Njonji South and Njonji South-West.
The NJOM-3 well is intended to test the thickness of reservoirs already identified by NJOM-1 and to test for other reservoirs that could be present at the new location.
It will also provide key flow-rate data for the Njonji reservoirs from a drill stem test, which will allow reclassification of contingent resources into 2P reserves as well as providing critical reservoir characterization data for the field development strategy.
Tower Resources chairman and CEO Jeremy Asher said: “We are very pleased to have secured the Topaz Driller, the same rig which our well management team at Bedrock Drilling used to drill the two recent Etinde wells.
“We see the NJOM-3 well, in Q2 2019, as just the beginning of our drilling activity on the Thali license, as we explained in our Corporate Presentation of last month.
“The rig timing remains consistent with that schedule, including its target of first oil by the end of 2019.”