CWC

Partners Secure Rig For Puntland Campaign

SOMALILAND

A PARTNERSHIP CONSISTING OF AFRICA Oil and Range Resources have secured a drilling rig for their proposed 2008 drilling programme in Puntland. The first well is planned to spud in July. The rig contract became effective February 19 and covers the drilling of two wells with a two well option.

The ETP rig No 3, newbuild rig currently being constructed in the Shengli, and scheduled for completion in May, will mobilize to Jebel Ali in Dubai before moving onto Somalia. ETP rig No 3 Is owned by Singaporean firm Energi Tata Persada Pte Ltd. The rig is a 1,500 High Pressure(HP) unit, equipped with the latest drilling technology, including a top drive and three 1,600 HP pumps.  The camp facility will house up to 150 persons.  ETP will also provide the trucking and hoisting equipment as part of its contractual obligations.



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