Abacan - Rig Being Readied to Spud Benin Basin Well.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--March 14, 1996-- Abacan Resource Corporation announced the company has received notification that the Sedco-Forex jack-up drilling rig, "Trident VIII", which Abacan has been waiting for to drill its first offshore well in the Benin Benin, country, Africa Benin (bĕnēn`), officially Republic of Benin, republic (2005 est. pop. 7,460,000), 43,483 sq mi (112,622 sq km), W Africa, bordering on Togo in the west, on Burkina Faso and Niger in the north, on Nigeria in Basin, has been finally released from its previous contract in the Niger Delta The Niger Delta, the delta of the Niger River in Nigeria, is a densely populated region sometimes called the Oil Rivers because it was once a major producer of palm oil. . The rig is now being loaded with drilling supplies for Abacan's well and will soon be towed to its Benin Basin location off the coast of Nigeria Nigeria (nījĭr`ēə), officially Federal Republic of Nigeria, republic (2006 provisional pop. 140,003,542), 356,667 sq mi (923,768 sq km), W Africa. near the border with Benin Republic. A spud date has not been confirmed, but is expected shortly. Abacan's first exploratory well on this area will be on offshore OPL OPL Open Publication License OPL Olympus Product Line (Sun) OPL outer plexiform layer OPL Organiser Programming Language (PSION) OPL On-Premise Laundry OPL Optical Path Length OPL Open Public License Block 309 which covers an area of 413,000 acres and extends from the coast into water with depths up to 300 metres (1000 feet). The rig will be positioned approximately 30 kilometres (18 miles) offshore in a water depth of 91 metres (300 feet). The well will be directionally drilled to a multi-zone target and to a total true vertical depth of 3810 metres (12,500 feet). OPL Block 309 is located near the Seme field, a producing oil field offshore Benin. Abacan Initiates Seismic Program in Niger Delta Abacan also announced the company has initiated a comprehensive 3-D seismic program in the Niger Delta. The marine seismic program is being conducted on OPL Blocks 469 and 237, the offshore concession blocks in which Abacan is developing a major oil field. "This 3-D seismic program will help us to better define extensions of the NGO NGO abbr. nongovernmental organization Noun 1. NGO - an organization that is not part of the local or state or federal government nongovernmental organization field", explained Wade Cherwayko, President and Chief Executive Officer of Abacan. "It will also help finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... the location of our next Niger Delta well which will be a deep test on the NGO field. The program will also be conducted on potential structures on the blocks including the previously discovered OKORO structure on the eastern portion of OPL Block 469. CONTACT: Abacan Resource Corporation Wade Cherwayko President 403/262-1220 or Abacan Resource Corporation Ms. Lon Boshouwers 403/262-1220 |
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