UGANDA - M'PUTA 1 EXPLORATION WELL TO SPUD IN MID-DECEMBER (Tullow 50%)
The rig for the M'Puta prospect in Uganda is currently being mobilised to the
drilling location and the well is scheduled to spud in mid-December. It will
target a structural prospect with multiple objectives. Oil seeps have been
identified in the immediate area and the prospect has been defined by the 2005
onshore seismic survey. The planned total depth for the well is 1,100m.
I love the oil seeps part too. Early wells were often drilled near such places, especially in Iraq! Anyone any guesses of how long to drill down 1,100m?