AUSTIN, Texas -- The Rani Woro jackup is scheduled by Sky Petroleum and Crescent Petroleum Co. International Ltd. to return to Mubarek field offshore UAE to drill a second well.
The second well, Mubarek K2-ST3 will be drilled to the Ilam/Mishrif reservoir to the northwest of K1. P.T. Apexindo Pratama Duta Tbk of Indonesia is the drilling contractor.
The Participation Agreement with Crescent gives Sky Petroleum the right to participate in a share of the future production by contributing up to $25 million in drilling and completion costs related to two obligation wells in the Mubarek field.