Valiant Petroleum announced today that it had entered into a contract to secure a firm rig slot on the Stena Carron drillship to drill the Handcross prospect (Valiant, 90%, operator) located in UK Blocks 204/18b West of Shetlands. Based on the Stena Carron’s current schedule the rig slot is expected to fall within the first quarter of 2013. The Department of Energy and Climate Change has agreed a six month extension to fulfil the Initial Term obligation.
About the Stena Carron:
Stena’s new Drillmax Fleet of drillships are designed for year-round, harsh environment drilling in the worst possible conditions found in the Barents and Norwegian Seas. These ships are DP-3 equipped and capable of drilling in 6.7 meter seas and remaining connected to the blow out preventer in over 11 meter seas. The six 5500kW azimuthing, fixed pitch thrusters are powered by six 7400kW diesel generators.
The Handcross prospect is a large stratigraphic trap, similar to the nearby Foinaven and Schiehallion fields, which benefits from a number of geophysical anomalies interpreted to reflect the presence of hydrocarbons in Paleocene sands. Gross prospective resources are estimated internally by Valiant to be 180 million barrels of oil equivalent (net 162 mmboe).
Peter Buchanan, CEO, commented:
“We are extremely pleased to have secured a deep water rig to drill the Handcross prospect which is one of the most exciting high-impact wells in Valiant’s portfolio. We look forward to working together with our partner over the coming months to ensure that the well is delivered safely and successfully.”
Offshore wind turbine manufacturer Vestas has signed a Memorandum of Understanding with A.P. Moller-Maersk, Jeonnam Province, and Mokpo City for supply chain investment in South Korea’s offshore wind energy sector....
(Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence of 18-megawatt turbines set off...
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
April 20, 2024
Total Views: 971
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.