Falkland partners postpone Chatham well

Offshore staff

LONDONPremier Oil has served notice to Ocean Rig UDW that it is terminating a contract with the semisubmersible Eirik Raude with immediate effect.

The rig has drilled various exploratory and appraisal wells offshore the Falkland Islands over the pat year, two of which led to commercial discoveries.

The final planned well in the current campaign on the Chatham prospect in the North Falkland basin will now be deferred until the offshore Sea Lion project pre-development program begins.

Premier cited numerous material operational issues with the rig during the term of the contract as the reason for the termination.


Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...