Mediterranean Oil & Gas contracts with AGR to drill Malta well

Dagny jacketMalta Offshore Area 4 (Image: Mediterranean Oil & Gas plc)

Mediterranean Oil & Gas Plc. (LON:MOG) is continuing its preparations for the arrival of the Hagar Qim 1 well off Malta in the final quarter of the year.

The latest development is the signing of a service order with AGR Well Management Ltd. for the provision of drilling engineering and rig procurement support.

Chief executive Bill Higgs said: "We are continuing to prepare for the drilling of Hagar Qim 1 in late 2013 and we are pleased to be working with AGR on this important phase of the project.

“AGR has a proven track record of providing drilling support services to operators conducting exploration drilling activities.”

MOG also said it expects the sale of 75% stake in the holding company for the Malta Offshore Area 4 license to ambitious mid-cap Genel Energy PLC (LON:GENL) to complete at the end of the month following sign-off by HM Revenue & Customs.

“The closing of the transaction with Genel will enable our team to fully dedicate its time to preparing for the drilling operations offshore Malta," Higgs added.

Current News

Exxon Looking to Explore Trinidad and Tobago For Offshore Oil

Exxon Looking to Explore Trini

SLB Gets CCS Job in North Sea for BP, Equinor and TotalEnergies JV

SLB Gets CCS Job in North Sea

CEP Makes ‘Significant’ Oil Discovery Offshore Poland

CEP Makes ‘Significant’ Oil Di

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Pandion Energy Divests Interes

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine