Orca halts Songa Songa party

Orca Exploration Group

related stories

Eoin O'Cinneide

 04 July 2012 13:11 GMT

Unpaid bills and a continued rift with Tanzania’s government has led Orca Exploration Group to postpone drilling at one offshore well on the Songa Songa field.

The Toronto-listed junior has, however, said it completed another development gas well which it expects will soon be “highly productive”.

Orca will not now press ahead with its plans to drill the SS-12 development well due, it said, to “mounting unpaid Tanesco receivables and unresolved negotiations with the government negotiating team (GNT)”.

Orca had planned to spud the well with the rig being used to drill the SS-11 development well.

“The company intends to return to SS-12 and drill the well when additional deliverability is required and the issues with Tanesco and the GNT have been resolved.”

The issues have also…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index