Mediterranean Oil & Gas Plc announce offshore Malta update
MOG announce that it has received formal notification from Phoenicia Energy Company Ltd (a wholly owned subsidiary of Genel Energy plc), the operator of Malta Block 7 of Area 4, that the semi-submersible rig ‘Noble Paul Romano’ has been secured on location and that the Hagar Qim 1 well spudded at 08:00 hours on 24 May 2014. The well, located approximately 130km south of Malta in c.450m of water, is anticipated to take a minimum of 2 to 3 months to complete operations.
The Hagar Qim well is the 11th well to be drilled offshore Malta. The last exploration well that was drilled was the Lampuko well in 2002.