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

Congo’s First LNG Cargo to Set Sail in Coming Days

Congo’s First LNG Cargo to Set

Digitalization is Drawing CCS a New Learning Curve

Digitalization is Drawing CCS

Aramco Inks $6B Procurement Deals

Aramco Inks $6B Procurement De

NYK Receives ClassNK Certification for Offshore Wind CTV Training

NYK Receives ClassNK Certifica

Subscribe for OE Digital E‑News

Offshore Engineer Magazine