MercoPress. South Atlantic News Agency
Falklands' (oil exploration) “has been a hugely successful campaign”, says Rockhopper
Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development. Read full article
Comments
Disclaimer & comment rulesTWIMC
Feb 12th, 2016 - 06:57 pm - Link - Report abuse 0Of course CEO Moody want's to continue as if nothing is happening...
Three/four more years of fat cat wages for him and the BOD and they can all enjoy the rest of their lifes in southern France...
Realitiy is that...:
1) Premier Oil is effectively retiring from the Falklands to save some cash to try to avoid an imminent bankrupcy...
2) Sanction of Rockflopper's Sea Lion field push forward (yet again) a couple of years more to 2020 - 2022...
3) 2020 being the year where the Paris Agreement on Climate Change will start their programm of leaving known oil reserves underground...
4) Anybody's guess which Oil Reserves will be left untouched... My money, of course on Malvinas
Chuckle chuckle...
El Think.
Well, at least now Argentina cant claim the oil they were after,
Feb 12th, 2016 - 08:13 pm - Link - Report abuse 0so a few rocks it is then,
will they now drop this false claim.
So nothing for the Argentine to moan about!
Feb 12th, 2016 - 08:19 pm - Link - Report abuse 0Even if no oil is extracted in the next 500 years the islands will still have feke all to do with Argentina.
Not much point in gloating the islanders are still far better of than RG,s and of course oil can go up as well as down.
Unlike Argentina,sinking for decades.
@3
Feb 13th, 2016 - 12:05 am - Link - Report abuse 0Yes Argentina is pumping oil and selling it at a discount to the extraction costs, cant keep that up for long.
Bought regular unleaded for $1.14 a gallon this evening.
Feb 13th, 2016 - 04:46 am - Link - Report abuse 0@1. I'm not repeating myself for the sake of your stupidity. Although NO argie has ever been known to tell the truth.
Feb 13th, 2016 - 02:03 pm - Link - Report abuse 0Another balloon bursts, and go. What's next ? Admit the truth that no one with ambitions can make your life on the islands, or that if they cut the air link with the mainland are dying of depression. You tell me ..
Feb 13th, 2016 - 02:34 pm - Link - Report abuse 0Nothing wrong with the islanders,
Feb 13th, 2016 - 08:11 pm - Link - Report abuse 0its the mainlanders that have the morality complex .
And where does that leave the Islanders Think? I'll tell you where - living in their own territory, making money from their other natural resources and enjoying life in a beautiful part of the world.
Feb 13th, 2016 - 11:02 pm - Link - Report abuse 0Nothing changes.
We agree about the “beautiful part of the world” part...
Feb 13th, 2016 - 11:46 pm - Link - Report abuse 0Todo cambia...
10 Think
Feb 15th, 2016 - 03:47 am - Link - Report abuse 0Ché gayina...
Are the dark Macri times beginning to affect your team too? : -)
9 Roger Lorton
Think is right “Todo cambia”
https://www.youtube.com/watch?v=g8VqIFSrFUU
#1,#7,#11. Bunch of pathetic dreamers. We did perfectly well before hydrocarbons exploration, and will do perfectly well afterwards. The prospect of additional income has always been a bonus not an essential.
Feb 15th, 2016 - 04:56 pm - Link - Report abuse 0Get back into your miserable little holes and dry your tears.
12 GALlamosa
Feb 16th, 2016 - 02:45 am - Link - Report abuse 0Sorry to hear about your disaster oil exploitation, remember stealing is bad karma and do not forget to pay the early termination fee..
”In addition, Premier Oil Plc. on February 12, 2016 has terminated the contract for the ultradeepwater semisubmersible drilling rig the Eirik Raude operating in the Falkland Islands. Ocean Rig has accepted Premier Oil Plc.’s termination for convenience and is entitled to a termination fee of up to $62.9m. In case Premier Oil Plc. contests the payment of such fee we intend to commence arbitration proceedings without any further notice. The Eirik Raude will demobilize from the Falkland Islands in due course and is available for alternative employment.
George Economou, Chairman and CEO commented: “It is really regrettable that two of our clients have decided to terminate drilling contracts for convenience
http://cdn.capitallink.com/files/docs/companies/ocean_rig/press/2016/oceanrig150216.pdf
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