The Director General of Hydrocarbons (DGH) has advised ADX via its wholly owned subsidiary Alpine Oil and Gas (AOG) that its change of work program application on the Kerkouane Offshore Permit has been accepted.
The approved change allows AOG to drill the Dougga Sud well and undertake productivity testing of the Dougga reservoirs with a view to establishing their productive potential (the previous work program requirement was the drilling of an exploration well and the acquisition of 500 km2 of 3D seismic).
The revised work program replaces the previous work program outlined in the Kerkouane license’ first renewal period, and is a precondition to the entry for a second renewal period (for Kerkouane) of 3 years.
The DGH has also advised the requirement for a bank guarantee in relation to the modification of the work program which will be lifted upon the testing of the Dougga Sud well.
ADX executed a drilling contract with Noble Drilling Services enabling the drilling of Dougga Sud utilizing the GlobeTrotter II drill ship on October 9, 2017. It has recently commended discussions with a number of parties interested in participating in and providing funding for the Dougga Sud well.