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Oil & Gas

Tower Resources to finalise NJOM-3 well schedule later this month

A well site survey is presently underway and the findings will inform the drill plans.

Tower Resources PLC (LON:TRP) is expecting to finalise its drill schedule later this month for the NJOM-3 well, offshore Cameroon.

The explorer, in a statement, told investors that Geoquip Marine’s survey vessel MV Investigator is presently in the anticipated NJOM-3 area conducting a site survey.

READ: Tower Resources set for NJOM well as Cameroon approves

Geoquip’s findings and a final report should allow the company to move to more concrete scheduling of the NJOM-3 well on the Thali block later in February, the company said.

Last month, the Cameroon authorities communicated a decision to approve the company’s plans for NJOM-3. It extended the initial exploration period of the Thali licence (which hosts NJOM-3) for an extra year (it had an expiration date in September 2019).

China Oilfield Services Limited (COSL) is contracted to carry out the well drilling programme.

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