Hyperdynamics Spuds Sabu-1 Well Offshore Republic Of Guinea

Friday, October 14, 2011
  • Commencement of drilling operations at Sabu-1 well offshore the Republic of Guinea
  • The Sabu-1 well will be drilled by the Jasper Explorer drill ship at a water depth of approximately 700 meters
  • The second well, Baraka-1, is scheduled to begin immediately after Sabu-1

Hyperdynamics Corporation (NYSE: HDY) announced the commencement of drilling operations today at its initial exploration well in its concession offshore the Republic of Guinea. The Sabu-1 well will be drilled by the Jasper Explorer drill ship. The water depth at this location is approximately 700 meters. The target is a four-way anticline oil prospect with upper Cretaceous sands. Total well depth is anticipated to be 3,600 meters.

Sabu-1 is the first of two exploration wells planned to be drilled by the Jasper Explorer for Hyperdynamics in 2011 in the concession. The second well, Baraka-1, is scheduled to begin immediately after Sabu-1. The Jasper Explorer is an enhanced modern Pelican Class self-propelled drill ship capable of operating in water depths up to 1,524 meters. AGR Peak Well Management Ltd. is providing management services during the drilling phase of the project.

Ray Leonard, Hyperdynamics president and CEO, commented: "This is an important day for Hyperdynamics and the Republic of Guinea. We are excited to begin drilling operations and look forward to the results of the wells in the upcoming months."

Hyperdynamics operates the offshore Guinea concession with a 77 percent interest. Aberdeen-based Dana Petroleum has a 23 percent stake.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Eight pieces of our oil price predicament
    A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so ...
  • Give us a break...
    I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operati ...
  • Why it's different this time
    Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding th ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training


Opinions & Commentary

Oil price, Wood Group, IGas, Ithaca, Caza, Sundry and finally...

by Malcolm Graham-Wood

Read More »