Aban Vii News

Masirah Oil Limited has announced the successful reach of the well target depth in the second exploration well in Block 50 Oman to its final depth of >3,000 metres into the Cambrian formation. Hydrocarbons were discovered in several formations with good oil sample extracted. The well will undergo data acquisition before setting the completion for testing. The well was drilled using the independent leg cantilever jack-up drilling rig Aban VII. Mr Hans Lidgren, Chairman of Masirah…

Rex International Holding Limited, one of the largest companies listed on the Catalyst of the Singapore Exchange Securities Trading Limited, announced that its jointly-controlled entity, Lime Petroleum Plc, through its subsidiary Masirah Oil Ltd., has begun drilling and exploration well in Masirah North North #1 (MNN #1), located in the Block 50 Oman concession, on November 25, 2013. This is part of a two-well drilling program in the concession. The prospect MNN #1, which is about 1,000 meters in depth, was selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology, in addition to confirmations provided via conventional methodologies.

American Electric Technologies, Inc., announced two projects with Aban Offshore Limited of . Aban Offshore is 's largest offshore private drilling contractor and their twenty offshore drilling and production units places Aban among the top ten offshore drilling asset owners in the world. The contracts total just under $2m. The scope of supply for the Aban VII and the Aban III jack-up retrofit projects include a complete new custom-designed, state-of-the-art, M&I Electric power and electrical system upgrade. These projects also provide for generator control and distribution switchgear systems as well as SCR drives and motor control systems. A customized driller control and mud pump console is also part of the customized upgrade package.