Mediterranean Oil & Gas issue offshore Malta update
MOG has been informed by Phoenicia Energy Company Ltd, a wholly owned subsidiary of Genel Energy plc (the “Operator”), that the Noble Paul Romano rig (the “Rig”), which will be used to drill the Hagar Qim 1 well in Block 7 of Area 4 to the south of Malta, was accepted under contract on 18 May 2014 in Malta. The Rig is sailing today to the Hagar Qim 1 well location.
Dr Bill Higgs, Chief Executive of Mediterranean Oil & Gas, commented:
“We are very excited about Hagar Qim and look forward to the imminent spud of this high-impact frontier exploration well. We will update shareholders once the results are known.”