"Sea Lion" News

Sea Lion costs down to US$1.5 billion

Sep 14, 2016

Development costs to first oil for the Sea Lion project off the Falklands have been reduced to US$1.5 billion with more savings possible, according to partner Rockhopper exploration. The UK-based independent also says the 2C, or proved plus probable reserves…

Catcher costs reduced further

Nov 17, 2016

Premier Oil says it has further reduced costs on the Catcher floating production development in the North sea, to a forecast total US$1.7 billion. The drop, a 24% reduction on the original sanctioned estimate, comes after costs had been reduced 20% to $1…

Sea Lion complex contains 500 MMbbl plus

May 17, 2016

An independent reserves report has estimated the Falklands Greater Sea Lion Complex operated by Premier Oil to contain more than half a billion, or more than 500 MMbbl, of 2C or contingent resources. When gas is added to the total, the estimate rises to 747 MMboe…

Catcher FPSO project remains on track

Jul 12, 2016

Premier Oil's Catcher floating production project in the UK North Sea is on schedule to deliver first oil in 2H next year. The UK-based independent says further cost savings have been secured against the project estimates. Premier now forecasts capex to first oil of US$1…

Premier cuts 15% Catcher costs

May 11, 2016

UK independent operator Premier Oil says it has cut costs on its North Sea Catcher floating production project by 15% - and the project remains on schedule. Forecast gross capex to first oil is now anticipated to be about US$1.35 billion…

Taming a Sea Lion

Mar 01, 2016

Since its discovery in 2010, the Sea Lion field offshore the Falkland Islands has been subject to a string of development options. Elaine Maslin looks at Premier Oil’s optimized final plan. Ocean Rig’s Ocean Guardian semisubmersible drilling rig…

Harsh realities

May 01, 2016

Remaining competitive through the downturn is a tall order for some. Caitlin Shaw, of Quest Offshore Resources, examines how the exploration, drilling and subsea segments are expected to fare through 2017.   The…

Subsea 7, NOV ink Sea Lion FEED contracts

Feb 11, 2016

Premier Oil has issued key front end engineering and design (FEED) contracts for the subsea work on its Falklands Islands Sea Lion development.  The subsea umbilicals, risers and flowlines transport and installation to Subsea 7. A FEED…

Premier inks first major Sea Lion contract, expands scope

Jan 13, 2016

The first major contract on Premier Oil’s Sea Lion field offshore the Falkland Islands has been awarded following completion of pre-front end engineering and design (FEED) on the project.  Netherlands headquartered floating production…

Hibiscus spuds Sea Lion-1 off Australia

Oct 26, 2015

Hibiscus Petroleum's wholly-owned subsidiary Carnarvon Hibiscus (CHPL) has commenced drilling operations at its Sea Lion-1 exploration well, off the coast of the state of Victoria, in southeast Australia. Not to be confused with Premier Oil's Sea Lion project offshore the Falkland Islands…

Premier drops Eirik Raude, Chatham well deferred

Feb 12, 2016

Premier Oil is to drop its plans to drill its final Falklands drilling campaign well after serving a termination notice to rig operator Ocean Rig.  The firm had been due to drill the Chatham prospect. But, following 'a number of material…

Latin America: Great expectations

Mar 01, 2016

Brazil and Mexico are not the only games in town in Latin America. The deepest water well ever drilled is lined up for offshore Uruguay and Exxon is set to test Liza offshore Guyana. Elaine Maslin reports. The newly minted Maersk Venturer drillship…

No pay at Sea Lion-1

Nov 10, 2015

3D Oil announced that wireline evaluation and sampling of formation fluids over zones of interest identified on preliminary Sea Lion-1 data have been completed. This work has confirmed that no zones of commercial hydrocarbons were encountered in the Sea Lion-1 well…

Premier proves pay at Isobel Deep

Jan 11, 2016

Premier Oil has confirmed its Isobel Deep oil discovery offshore the Falklands, as well as an additional discovery in the same well.  The well, which was a re-drill of the 14/20-1 Isobel Deep well, hit 27m of net pay, with no oil water contact or gas…

Premier lines up Sea Lion contractors

Nov 12, 2015

UK-based independent Premier Oil says it has lined up key 'world class' contractors to provide the vessel and infrastructure for its Falklands Islands Sea Lion development, after completing pre-front end engineering and design on the project…

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