Svenska contracts AGR for Guinea Bissau drilling campaign

Svenska Petroleum has contracted AGR Well Management for a drilling programme starting in Q1 2014 on Block 2. The programme is for a minimum of one firm well with the option of two additional exploration wells dependant on results and rig availability. The campaign is scheduled to last between 45 and 180 days depending on the success of the first well and the availability of the rig, whose contract will be tendered following governmental and partner approval. AGR carried out well management services for Hyperdynamics’ Sabu well in neighbouring Guinea in 2011-12.