Bowleven prepares to drill Etinde wells

Bowleven has a rig to drill its Etinde permit offshore Cameroon.

Offshore staff

EDINBURGH, UK -- Bowleven has a rig to drill its Etinde permit offshore Cameroon.

Once a contract is final, the program should start as planned in April/May with the IE field appraisal well (IE3).

Bowleven has determined locations for both IE-3 and the next well in the program, the MLHP-5 exploratory well. The location and timing of the IF-2 well will depend on a review of additional seismic acquisition over MLHP-7.

Currently, existing 3D seismic over the permit is being re-processed, and tenders are under way for the acquisition of new seismic data. Bowleven has a letter of intent for a vessel to undertake 3D work on Etinde, including the IF field.

Recently, the company agreed a farm-out of the Etinde permit to Swiss company Vitol. It anticipates final approval shortly from the Cameroon government.

01/25/2010

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