Anglo African Oil & Gas reports temporary suspension of drilling at Tilapia field

9/5/2018

LONDON -- Anglo African Oil & Gas plc, an independent oil and gas developer, has announced that the company has been informed by its drilling contractor, SMP, that they have experienced a topside issue that has affected a rig offshore the Congo. As a result, the Company has taken the decision to temporarily suspend drilling TLP-103, while a specialist review of the various solutions is undertaken.

The Company is working to determine the optimum solution with a view to restricting any delay to a matter of weeks. The company said that a further announcement will be made in due course. In the meantime, it is putting in place contingencies which aim to recover the costs related to this and/or cover any cost overruns.

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