Hope and expectations have greeted the commencement of drilling, this week, in the Joint Development Zone (JDZ), an exclusive economic area in the Gulf of Guinea, shared by Nigeria and Sao Tome and Principe.
The JDZ, supervised and managed under the auspices of the Nigeria and Sao Tome and Principe Joint Development Authority (NSTP-JDA), is reportedly rich in both hydrocarbons and aquatic resources, waiting to be fully exploited by the two statesâ€™â€™ parties.An authoritative source at the NSTP-JDA told NAN in Abuja on Friday that two rigs spudded in their first deepwater exploration within the week; one on Tuesday and the second on Thursday. â€œAs of now, there are two rigs in the zone. In block 4, in which Addax is the operator, the Trans-Ocean Deepwater project development rig started spudding a well on Aug. 25.
It (the drilling rig) is going to be operating in the Kina-1 prospect.â€œThen, in block two in which Sinopec rig operates, the rig Sedco-702 started spudding on Aug. 27 and the prospect of the well is Bomu-1. This development is very significant. Let us appreciate the fact that deep water rigs have been in short supply and operations in the JDZ have also been waiting for a long time.
Therefore, the securing of two rigs is quite significant in the activities of the JDZ,â€™â€™â€™â€™ the official said.The source also said that Addax had plans to drill three wells back-to-back to further the exploration and production campaign in the zone. â€˜This is exciting. The initiative will spur the expectations of the contract parties, shareholders and the two countries,â€™â€™â€™â€™ the source said. According to the official, both Sinopec and Addax have carried out extensive sub-surface studies and preparations for exploration while drilling have been ongoing.
NAN recalls that Sinopec JDZ Block 2 Ltd had projected that it would spud its first deepwater exploration well in the NSTP-JDZ before the end of August.The company said that its JDZ Bomu-1 would target a number of potential exploration targets at different depths in one of the several prospects, identified from 3-D seismic analysis and interpretation in the JDZ Block 2.