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…
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…
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…
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…
Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…
London-based Premier Oil, and partner Salisbury-based Rockhopper Exploration Plc, selected a tension leg platform (TLP) with an integral drilling rig, to develop the Sea Lion project north of the Falkland Islands. The company said that…
Premier and Rockhopper Exploration plc have signed a heads of agreement with Falkland Oil and Gas Limited (FOGL) to farm-in to licences PL004a and PL004c, conditional on the completion of this morning’s announced combination of FOGL and Desire Petroleum plc…
Desire Petroleum has said a farm out process on its Falklands acreage has been held back by uncertainty over the timing and scope of the development of the Sea Lion oil field. A lack of a firm date for the mobilisation of a rig to the…
Analysis: Perspectives Independent oil companies have led the way opening new frontiers in recent years, but this may change as companies of all sizes have locked-up huge swathes of frontier acreage, creating opportunities for exploration-driven deals…
Statoil, together with partners in the Grane Unit, has made a new oil discovery in the vicinity of the Grane field in the North Sea. Statoil and its partners are in the process of concluding drilling operations in exploration well 25/11-27 in the Grane Unit…
UK-listed exploration and production firm Premier Oil is in the process of picking two separate FPSOs for projects in the North Sea.The firm said it was out to tender on its North Sea Catcher project for an FPSO. Concept select was agreed in…
AGR’s Aberdeen-based consultancy division has doubled its manpower in the Falklands to supply a team to its well management division to work on the Leiv Eiriksson. Following a six-month recruitment drive, the company expected to deploy a 50…
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