United Oil commissions drill study as farm-out deadline nears

London-listed United Oil & Gas Plc has commissioned a study of offshore drilling rig-availability and costs for its Walton-Morant licence off southern Jamaica, the company said in filings.
“This drilling study marks an important step in our operational planning to advance the Walton-Morant licence towards a potential future drilling programme. It will provide a current, market-based assessment of rig suitability, availability, commercial conditions, and the long-lead items required to drill Colibri and Thunderball or similar targets,” stated United’s new chief operating officer Donal Meehan in a statement.