Global Business Services ("GBS") has informed Maha Energy AB (publ) that the contracted GBS-1 (formerly OGI-4) drilling rig will no longer be accessible for Maha Energy in Oman. This means that the Mafraq field's six initial wells won't be drilled as soon as initially anticipated.
GBS has notified Maha Energy that they are unable to deliver the drilling rig GBS-1 (formerly OGI-4) primarily due to technical deficiencies uncovered during pre-mobilisation inspections. Maha is now evaluating alternative options, but this means that the drilling of the six wells on Mafraq will be delayed. A revised schedule will be announced as soon as further information is available.
Jonas Lindvall, CEO at Maha comments: “We have been working hard to ensure all material and equipment were available for a June 30 spud, so it is very disappointing that GBS has decided to withdraw the contracted drilling rig this late in the game. Everything else is in place so once we find a replacement drilling rig, we can start very quickly.”
The Mafraq field in Oman is a delineated and tested heavy oil field onshore Oman. A previous operator tested 15,700 barrels of heavy oil from a single well over a 23 day well test period in 1991. The plan was to start the drilling the first six wells on the field at the end of June.
