The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability and the ongoing farm-out process threw a wrench in the firm’s plans. The drilling activities are now being targeted to kick off early next year.
The post With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon appeared first on Offshore Energy.