Independent oil firm Premier Oil is sticking to an eight-well exploration campaign in 2015, including its four-well campaign in the Falkland Islands, due to start in March, and its first well in the emerging Mandal High play offshore Norway…
International independent Premier Oil has said its Falklands Sea Lion development is to be scaled back, initially, to make it a phased development due to rising costs and low oil prices. Initial costs on an initial, smaller floating…
Engineering and project management group AMEC has been awarded the front end engineering and design contract for a tension leg platform for Premier Oil's Falklands Sea Lion development. AMEC will be responsible for the design of the 30…
The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…
Rig design and engineering firm RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin. The FEED work is part of AMEC’s overall FEED contract for…
The US Bureau of Ocean Energy Management (BOEM) is inching closer to an oil and gas lease sale in the Cook Inlet offshore Alaska. The agency said it intends to publish an environmental impact statement (EIS) in the federal register on 23 October 2014 for Sale 244…
Noble Energy will resume exploratory drilling in the Falkland Islands next year after acquiring and reviewing extensive 3D seismic of its 10 million acre-position. In late February 2014, London-based joint venture partner Falkland Oil…
Jacket installation operations on Premier Oil’s Solan oil field development west of Shetland are due to start. The four-legged steel jacket for the field, in Block 205/26a, in 135m water depth, left the construction yard at Methil, Fife…
On 25 June, London-based Premier Oil plc announced the appointment of Tony Durrant as Chief Executive Officer. Durrant joined Premier in June 2005 and has served as Finance Director of the company for nine years. Prior to joining Premier…
Oil and gas exploration efforts around the Falkland Islands are set to ramp up next year after rig contracts were agreed. Ocean Rig's deepwater, harsh environment semisubmersible drilling rig Eirik Raude (pictured) has been signed up…
Falklands-focused Rockhopper exploration has outlined plans to take over Mediterranean and North Africa-focused Mediterranean Oil & Gas in a cash and shares deal. The deal comes as Rockhopper looks to re-focus its portfolio after being…
Premier Oil says government approval for its UK North Sea Catcher development is expected soon and that the FEED and drilling contracts on Sea Lion in the Falklands will be issued this quarter. Premier said key service contracts covering the Catcher FPSO (pictured)…
Premier Oil is looking to farm down some of the company’s stake in the Sea Lion field off the Falkland Islands, in order to reduce its exposure to the US$5.2 billion investment. The company said at a capital markets day on 6 February 2014…
Rockhopper Exploration plc announced that Premier Oil will today provide an update on the Sea Lion Development at a capital markets day. The following details of the Sea Lion Development using a TLP concept will be disclosed: Costs…
Falklands explorer Rockhopper Exploration has appointed Stewart MacDonald Chief Financial Officer, with effect from 10 March 2014. Prior to joining the Company, Stewart, who is 33, was a director in Rothschild's global oil and gas group…
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