Tag: Premier Oil plc

• Tuesday, July 8th 2014 - 07:49 UTC

  Falklands' Stanley airport prepares for oil and gas exploratory drilling

  

  With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.

• Wednesday, June 4th 2014 - 20:26 UTC

  Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

  

  The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.

• Thursday, May 22nd 2014 - 07:40 UTC

  Falklands’ Premier and Noble have contracted a rig, according to Norwegian energy website

  

  Ocean Rig has reportedly received a contract for its Eirik Raude semi-submersible rig for a drilling campaign in the Falkland Islands. According to Offshore.no, a Norwegian energy news website, the rig will be used by Noble Energy and Premier oil for their respective drilling campaigns in the Falkland Islands waters in 2015

• Thursday, May 15th 2014 - 00:31 UTC

  Falklands drilling will resume in second quarter of 2015, announced Premier Oil

  

  Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.

• Friday, February 7th 2014 - 06:52 UTC

  Falklands oil industry: Premier ratifies its commitment to develop Sea Lion

  

  Britain's Premier Oil said it was seeking a partner for an oil development in the Falkland Islands in order to reduce its exposure to the 5.2 billion dollar project and make higher payouts to shareholders.

• Wednesday, February 5th 2014 - 08:21 UTC

  Falklands' oil industry developer Premier CEO steps down

  

  Shares in UK's Premier Oil, which has interests in developing Falkland Islands oil, soared almost 9% on Tuesday despite news that its chief executive is to step down after nine years at the helm. Simon Lockett will leave his position and the board of Premier once a successor has been appointed.

• Friday, January 17th 2014 - 07:57 UTC

  Falklands oil companies agree on tension leg platform for development of Sea Lion field

  

  The Tension Leg Platform option is the most suitable technical and commercial solution for the development of the Falklands' Sea Lion field, according to the recommendation from field operator Premier Oil, said Rockhopper Exploration in an official release, which also announced further drilling is expected in the next twelve months.

• Friday, January 17th 2014 - 07:54 UTC

  Falklands Sea Lion in 'the mid to longer term projects' of Premier Oil

  

  UK independent Premier Oil reported Thursday that its production rate peaked at 75,000 barrels of oil equivalent per day during December, when the average rate was 69,000 boepd. Premier said that average production for 2013 as a whole was 58,200 boepd, compared to an average rate of 57,700 boepd for 2012.

• Friday, January 10th 2014 - 06:46 UTC

  Falklands oil industry will have its 'Made in USA' dock facility in Stanley harbor

  

  The Falkland Islands budding oil and gas industry advanced a further step this week when the Falklands' Planning and Building Committee gave planning permission to a temporary dock facility (TDF) in Stanley harbor that will provide logistics support to exploration drilling.

• Wednesday, December 18th 2013 - 16:46 UTC

  Falklands to cash 146m dollars from tax on farm-out deal in oil industry

  

  An agreement has been reached between the Falkland Islands government and Rockhopper Exploration regarding tax arising from the Sea Lion farm-out to Premier Oil, an operation involving a billion US dollars, and which according to the settlement generated a credit of 146m dollars for the Islands Treasury.