Australia-listed ADX Energy is moving slowly with preparations for its Sidi Dhaher well, 350 kilometers west of the Tunisian border with Libya.
In an announcement to the Australian Securities Exchange, ADX said the situation in Libya was not affecting the company’s operations, which were progressing according to plan, albeit slightly slower than expected.
“The company is moving ahead very cautiously despite the improved security situation in Tunisia,” it said in an announcement.
“However these minor delays have not resulted in any significant additional cost.”
ADX had pre-tested all components of the drilling rig with some pieces of equipment being replaced, the company said, while site preparations had been completed and surface casing had been set.
All statutory approvals for access and drilling have been obtained, with the company finalizing arrangements to move its camp facilities and rig, with the intention to move camp first.
Allowing five days each for camp and rig moves, the company will take responsibility for the rig once it is set up and all equipment is tested.
Mobilisation of camp facilities is expected within the next few days.
The Sidi Dhaher prospect is located in the Chorbane Exploration Permit onshore central Tunisia, near the port city of Sfax, the company said.
ADX has a 40% stake in the prospect, with UK-listed Gulfsands Petroleum holding an equivalent stake. Xstate Resources and Verus Investments hold 10% each.