AGR, SP Offshore sign MoU for ultra-deepwater well off Comoros Islands

OSLO, Norway -- AGR and SP Offshore Energy Services have entered into a Memorandum of Understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra-deepwater well off the Comoros Islands, between Mozambique and the Comoros.

SP Offshore, through its subsidiary SPO E&P (Comoros), works exclusively for Western Energy and Safari Petroleum in the territorial waters of the Comoros.

Western Energy East Africa Ltd. and Safari Petroleum Indian Ocean Ltd. were awarded a Production Sharing Contract in Blocks 38, 39, and 40 in the Comoros in March 2014. It now plans a program of exploration studies, including seismic interpretation, basin modelling, and resource assessments, followed by the drilling of an ultra-deepwater exploration well.

Ian Burdis, AGR’s executive V.P., UK & West Africa, said, “AGR’s exploration team has experience with petroleum systems all over Africa and the rest of the world and has worked in a variety of basins, play types and structural styles. We have previously worked with the SP Offshore team on resource assessments in West Africa.

“AGR always strives to add value to our client’s projects, and on the drilling side, the experience gathered from over 500 drilling projects globally allows us to do just that. The combination of our Reservoir Management and Well Management divisions gives us the capability and the scale to support activities from exploration through to drilling and development, anywhere in the world,” Burdis concluded.