Nido Updates Tindalo Development Schedule

Source: www.gulfoilandgas.com 3/31/2010, Location: Asia

Nido Petroleum Limited (Nido), as Operator of Service Contract 54A (SC 54A), is pleased to advise that the schedule for the jack-up drill rig ‘Aquamarine Driller’ is firming up in relation to the completion and production testing of the Tindalo-1 well. The rig is now expected to be contracted to Nido in mid-April with in-field project execution work beginning late April. The rig and associated equipment will remain on site as the production facility for the field following successful production testing of the well.

Nido has been advised by the rig owners, Vantage Drilling, that the rig has completed its previous contractual commitments and will soon be loading the rig onto a heavy lift vessel (HLV) in preparation for sailing to Singapore. The rig will be contracted to Nido upon leaving Singapore for the Philippines where it will be offloaded from the HLV. Additional equipment and personnel (including the production equipment) will be loaded onto the rig and in-field operations and testing of the well are expected to commence before the end of April. The current schedule is subject to prevailing weather conditions enroute and at the field location.

Nido’s Deputy Managing Director, Ms Joanne Williams said “With this news, I am looking forward to shortly joining Tindalo’s Project Manager, Mr Dave Thomson, and his execution and operations team in Manila for the duration of the project execution and initial well testing. There is no substitute to being on-the-ground with the team during this phase of the project to ensure a smooth operation.”

Nido will provide further updates on the progress of the project upon the achievement of major milestones towards first oil, with the next milestone expected to be the Aquamarine Driller beginning its contract with Nido.


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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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