Sign up
Oil Capital

Bowleven looks forward to new drilling as rig arrives offshore Cameroon

A drill rig will shortly kick off a two-well programme to add reserves and better define the field
oil and gas operations
The Topaz-Driller rig is contracted for a 150-day period.

Bowleven Plc (LON:BLVN) investors can now look forward to a new drill programme offshore Cameroon.

It highlighted in a statement that the Topaz-Driller rig has now arrived in the country.

READ: Barclays downgrades Bowleven after activist-led boardroom cull

At the company’s 25% owned Etinde project two appraisal wells will be drilled with the first well, referred to as IM-6, due to be spudded at the end of May.

The Topaz-Driller rig is contracted for a 150-day period.

Etinde is located in shallow water, the total permit area spans some 461 square kilometres and following a previous discovery well the London-listed firm estimated some 58mln barrels of net resources.

The upcoming appraisal wells will target additional oil reserves and aim to better define the full discovery area to shape a future development plan.


Register here to be notified of future BLVN Company articles
View full BLVN profile View Profile

Bowleven war of words continues

View All

Related Articles

© oil Capital 2019

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.