Premier Oil has spudded its latest Falklands Islands exploration well. The 14/20-2 Isobel - 2 well in the North Falklands basin is a second attempt on the Isobel Deep area, after drilling in May hit oil shows in a suspected high pressure formation…
Malaysia-based Hibiscus Petroleum and Australia’s Hydra Energy entered into a deal that will see Hibiscus acquire 100% of the outstanding shares of Hydra Energy at “fair market value.” The addition of Hydra Energy and its portfolio of…
Premier Oil is aiming to award front-end engineering and design (FEED) contracts for the North Falklands Sea Lion project in 4Q this year, partner Rockhopper Exploration says. Sea Lion is about 220km north of the Falkland Islands in 450m water depth…
Brazil will lead global growth in the floating production, storage and offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, says research and consulting firm GlobalData…
Weak demand for services in the oil sector is helping operator Premier Oil to reduce costs on its Vette and Sea Lion projects, the firm said this morning. While the now expected prolonged low oil prices could put pressure on future projects…
Noble Energy's Humpback exploration well in the south Falklands basin has hit operational issues with results likely to be delayed by about a month, according to partner Falkland Oil and Gas (FOGL). The well, which spudded on 13 June 2015…
UK-based operator Premier Oil says work on its west of Shetland Solan development remains on track for start up in 4Q, while it looks for cheaper options for its Norwegian Vette project. Premier Oil says it is also moving towards pre…
Noble Energy started drilling on the potentially play-opening Humpback prospect in the south Falklands basin on Saturday, according to partner Falkland Oil and Gas (FOGL). According to Noble, Humpback holds 250 MMbbl estimated gross…
Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning. The plans come as the firm says it is making “improved progress” on the completion…
Premier Oil’s first exploration well in its 2.1 billion bbl 2015 Falkland’s drilling campaign has confirmed the extension of the giant Sea Lion discovery. The 14/15b-5 Zebedee exploration well, using the Eirik Raude semisubmersible drilling rig…
Premier Oil’s “high-impact, play-opening” Isobel Deep North Falkland Basin well has made an oil discovery, the operator confirmed this morning, in higher than expected reservoir pressure. Operations have been suspended and the rig will be released to drill in the South Falkland Basin…
Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies…
UK-based Falklands explorer Premier Oil has spudded its second 2015 exploration campaign well in the north Falklands basin. The Eirik Raude. From Ocean Rig. If successful, the 14/20…
US-based Noble Energy acquired from Argos Resources a 75% interest and operatorship of 285,000 gross acres in the PL001 license in the North Falkland basin, northwest of the PL032 license that includes the Sea Lion oil discovery. Edison International SpA obtained the remaining 25%…
The latest drilling campaign offshore the Falkland Islands is expected to start next month, partner Falkland Oil and Gas (FOGL) said this morning. Announcing that the rig for the campaign, Ocean Rig's Eirik Raude drilling rig has started mobilization from West Africa…
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