BowLeven Plc
09 May 2005
Bowleven Plc
9th May 2005
BowLeven Plc ('BowLeven') announces that its 100% subsidiary, EurOil Limited,
has signed a drilling contract with GlobalSantaFe International Drilling
Corporation ('GlobalSantaFe') to continue its offshore drilling campaign in
Cameroon, West Africa.
EurOil has a 100% interest in the Etinde Permit, which comprises three
contiguous blocks offshore Cameroon, subject to government participation, which
is still to be negotiated. The agreement covers the drilling of two firm wells
in the Etinde Permit. Provisional well locations have been identified, but
these will be refined following the final interpretation of the new 3D seismic
data acquired over the area earlier this year.
The drilling program is scheduled to commence in late September/early October
2005 and will utilise the GlobalSanteFe rig Adriatic IX, currently operating in
Gabon.
Philip Rhind, Chief Executive of BowLeven, said
'We are pleased to have secured the Adriatic IX. Our 2005 campaign is on target
and, following the preliminary interpretation of the 3D seismic data, the team
is currently involved in evaluating the drilling options.'
For further information please contact:
Philip Rhind, Chief Executive, BowLeven Plc: 0131 260 5100
Adam Westcott, Noble & Company Limited: 0131 225 9677
This information is provided by RNS
The company news service from the London Stock Exchange
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