Canadian Overseas Petroleum Plans Liberia Drilling in 2016
23 Septembre 2015 - 2:05PM
Dow Jones News
LONDON--Canadian Overseas Petroleum Ltd. (XOP.V) said Wednesday
that the Mesurado-1 exploration well located in Liberia is planned
to spud in late 2016 to early 2017.
The oil exploration company said the well is currently estimated
to be drilled for a total cost of $120 million. The exact timing of
the well will be dependent on rig availability and on timing of
contractor's capability to operate in the country.
Canadian Overseas holds a 17% working interest in Block LB-13,
offshore Liberia, with ExxonMobil Liberia, the operator, holding
the remaining 83% working interest.
London listed shares of Canadian Overseas at 1132 GMT trading
14.3% higher at 3 pence.
Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 23, 2015 07:50 ET (11:50 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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