Sakson Drilling and Oil Services has secured a contract for the delivery of a 1,500 horse-power, top drive equipped rig.
The majority of the drilling-related third party service contracts have been entered into and all outstanding service contracts are expected to be completed before the end of this month.
Africa Oil is engaged in sourcing drilling related materials and early stage logistics including drill site and ingress route construction.
The company has signed a contract with a water well drilling company, that will begin operations in early September.
Mobilization of required personnel and equipment is planned to allow for spud of the Shabeel-1 well during the fourth quarter of this year.
The Puntland Government and Dharoor Valley communities are supporting the drilling project, the company said.
