Anglo African agrees equipment terms for workover at Tilapia
(ShareCast News) - Independent oil and gas developer Anglo African Oil & Gas announced on Thursday that it agreed terms to contract the wireline and ancillary equipment for the workover that was intended to undertake the reperforation and acidisation of the R2 reservoir in well TLP-102.
The AIM-traded firm holds a 56% stake in the producing Tilapia oil field in the Republic of the Congo.
"The objective of this workover is to bring this well into production at a rate of up to 100 barrels of oil per day," the board said in its statement.
"The equipment is anticipated to arrive at the Tilapia field and commence operations on 8 May 2017."
The company said it would make further announcements in due course, including as to the results of the workover and plans for the workover of TLP-101 and drilling of the new well, TLP-103.