Tag: Sea Lion Main Complex

• Tuesday, August 26th 2014 - 07:26 UTC

  Falklands: Premier Oil confirms full commitment to Sea Lion project

  

  Premier Oil has updated progress on the Sea Lion project, the first field development offshore the Falkland Islands. Latest subsurface studies suggest recoverable reserves for the Phase 1 development at 308 MMbbl, with further upside of 60 MMbbl if next year’s well on the Chatham prospect confirms that there is no gas cap in the western side of the field.

• Friday, July 18th 2014 - 08:53 UTC

  Falklands enters oil production stage: contract awarded for designing tension leg platform

  

  International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

• Friday, July 11th 2014 - 22:28 UTC

  Falklands: Premier looking for a partner to develop the 5bn Sea Lion project

  

  Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.

• 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.

• Tuesday, April 8th 2014 - 22:05 UTC

  Falklands fiscal regime and stability remain attractive for oil and gas industry

  

  With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.

• 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.

• Sunday, January 26th 2014 - 02:27 UTC

  Four Wells planned by Rockhopper for 2014

  

  ROCKHOPPER Exploration has identified four wells it plans to drill in the upcoming 2014-2015 drilling campaign in the Falkland Islands.