Falklands oil rig arrives and readies to begin six-well drilling campaign

Friday, February 27th 2015 - 05:29 UTC

Full article 17 comments

The semi-submersible oil rig oil rig Eirik Raude entered Falkland Islands waters to the north this week and has already been served by supply vessels and undergone a crew change operation. The Eirik Raude will shortly begin a six-well drilling campaign operated by Premier Oil and Noble Energy. Read full article

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FI_Frost
Oooh Arrrh! First we eat 'their' fish, now we steal 'their' oil; stick that in your bung hole you bilge rats!
Feb 27th, 2015 - 08:33 am - Link - Report abuse 0
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golfcronie
Glad to hear that it has arrived safely, let's hope that they spud Zebedee first thing Monday or a least have an RNS to let us investors know what is happening.
Feb 27th, 2015 - 10:34 am - Link - Report abuse 0
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paulcedron
“Despite the challenging macroeconomic circumstances, Premier Oil delivered record production and operating cash flow in 2014”, reported CEO Durrant“

yeah, right...lol

”Reuters
February 26, 2015 5:54 AM
By Karolin Schaps
LONDON (Reuters) - Premier Oil (PMO.L)
”The London-listed firm, whose operations stretch from the Falkland Islands to Indonesia, reported a worse-than-expected $210.3 million (135 million pounds) loss on Thursday”

shitty company they are.
Feb 27th, 2015 - 12:08 pm - Link - Report abuse 0
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Conqueror
@2. I can tell you what is happening. Shortly, the rig will be lowering a long metal pipe with a drill bit on the end. Then there'll be a period of gouging a deep hole in the sea bed. Then there'll be a period of assessment. So you'll need to wait for the coring.
Feb 27th, 2015 - 12:33 pm - Link - Report abuse 0
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Skip
“shitty company they are.”

And yet Argentina is powerless to stop them.

Bahahahahahahahahaha
Feb 27th, 2015 - 04:06 pm - Link - Report abuse 0
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yankeeboy
Thing is tho.. they're drilling and ”huge' potential of VM is sitting abandoned.
Chevron is cutting back its program
who's left
The Chinese? Who can't even frack their own country?
Feb 27th, 2015 - 04:08 pm - Link - Report abuse 0
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ChrisR
@ 3 POLLY

FFS READ the statement by Durrant.
“record production and operating cash flow in 2014”

Where does it say anything about the P&L account?

Do you understand the term 'depleted cash flow analysis'?

No, I didn't think you did.
Feb 27th, 2015 - 04:10 pm - Link - Report abuse 0
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golfcronie
@4
Thanks for that. I have been invested since 2009 in the Falkland oilers so do know a little about drilling in fact I worked for Halliburton in Libya years ago. They are an Oil service company if you are not familiar with them.
Feb 27th, 2015 - 04:10 pm - Link - Report abuse 0
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Monkeymagic
What about Noble Paul? Are they a shitty company too? And also Edison are part of this campaign...Edison are part of EDF....a super major....are they shitty too?

Laugh my arse off.
Feb 27th, 2015 - 04:21 pm - Link - Report abuse 0
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Skip
Pity Paul doesn't worry about Argentina's financial records as much as he does FOREIGN companies operating in a FOREIGN country.
Feb 27th, 2015 - 05:32 pm - Link - Report abuse 0
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Enrique Massot
Well, now at least we know what keeping the Malvinas is all about. It was never about the Kelpers or the sheep of course.
Enjoy while you can.
Feb 27th, 2015 - 07:41 pm - Link - Report abuse 0
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Briton
Malvinas, no exist,

enjoy, we will,
and Argentina never will.
Feb 27th, 2015 - 08:20 pm - Link - Report abuse 0
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Pete Bog
@11
I can't see how Bad Vines/ Sour Grapes can be enjoyed, unless you like drinking vinegar-however the word Malvinas is an excellent substitute for Argentina as it can be translated as Sour Grapes-sums Argentina up perfectly.
Feb 27th, 2015 - 09:29 pm - Link - Report abuse 0
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lornefirth
it would be good if they strike before CFK go”s to jail, her little brain would explode...Good luck lads.......
Feb 27th, 2015 - 09:44 pm - Link - Report abuse 0
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Britworker
@11

Hey enrico double glasias, its just about success and we will enjoy it as long as we choose to and there is nothing you can do about it.
Feb 27th, 2015 - 11:45 pm - Link - Report abuse 0
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Monkeymagic
@11

At least we can see what Argentina wanting the “Malvinas” is all about...it was never about the islands...just the oil.
Mar 02nd, 2015 - 03:02 am - Link - Report abuse 0
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Philippe
BEWARE
All that important equipment needs protection against international brigandage!
Perhaps, a RN nuclear attack submarine should be permanently on station.
Good luck dear Falklands!

Philippe
Mar 02nd, 2015 - 11:59 am - Link - Report abuse 0
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