NewAge Starts Drilling Campaign For 2Tcf of Gas in Cameroon
London based minnow NewAge African Global Energy, has the Vantage Drilling owned jack up, the Topaz-Drillerrig, in Cameroon waters.
The two well appraisal drilling campaign on the Etinde asset, in which the Company holds a 25% interest, is due to commence shortly with the IM-6 well expected to spud at the end of May, 2018.
The plan is to prove up to 1 to 2Trillion Cubic Feet (Tcf ) reserves of natural gas, which will support a 70MMscf/d gas to power project for the country.
NewAge is also looking to monetise the gas resources for an FLNG project.
The Topaz-Driller has been contracted for 150 days.