Hyperdynamics lines up second Guinea well

Hyperdynamics has announced that the Jasper Explorer drillship has left its home port in Singapore and is now being mobilised to Hyperdynamics' first exploration drilling site offshore the Republic of Guinea

 

It is expected to arrive in West African waters by early October and would immediately commence operations.

The initial well, the Sabu-1, is scheduled to begin drilling in October at a site in approximately 700 m 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 3,600 m.

"With the drillship now on its way to West Africa and the majority of the other equipment and services needed for the first two wells contracted for, we are moving closer to testing the resource potential of our shallower-water objectives through the drill bit this fall," said Ray Leonard, Hyperdynamics' President and CEO.

Hyperdynamics is operator of the Guinea project, with a 77 per cent participating interest; the remaining 23 per cent is held by Dana Petroleum, a wholly owned subsidiary of the Korean National Oil Company. AGR Petroleum Services is providing management services during the drilling phase of the project. The Jasper Explorer is a modern Pelican Class self-propelled drillship capable of operating in water depths up to 1,524 m.

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