Murphy spuds Cameroon wildcat

Cameroon10 February 2014, News Wires – Murphy Oil has spudded the Bamboo-1 well in the Ntem concenssion off Cameroon.

Joint venture partner, AIM-listed Sterling Energy confirmed the operator started drilling using the semi-submersible rig Ocean Confidence.

The well is about 56 kilometres off Cameroon and is expected to take about 70 days to drill.

It will target a Cretaceous structure in the licence, where the primary target is estimated to have mean un-risked, gross prospective resources of 422 million barrels of oil and 170 billion cubic feet of gas.

Bamboo-1 will intersect a number of stacked fan targets in the play.

This is the first probe to be drilled on the Ntem concession, which was placed under force majeure in 2005 because of a maritime boundary dispute.

The dispute is unresolved, but Cameroon’s state oil company lifted the force majeure to allow drilling.

Murphy holds 50% stake in the acreage after it farmed-in in 2011, while Sterling holds the remaining 50%.


– Upstream

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