EXPLORATION/DEVELOPMENT BRIEFS

06/13/2011
BangladeshA subsidiary of Santos Ltd. let a contract to Seadrill Ltd., Oslo, for the Offshore Resolute jack up to drill off Bangladesh.Seadrill said the assignment will have a minimum duration of 130 days under a contract for three firm wells plus two optional wells. Operations are to begin in early third quarter 2011 in direct continuation of the rig's existing contract.The estimated contract value is $17.5 million for the firm 130-day minimum period. Santos will operate the wells on Block 16 in the Bay of Bengal (OGJ Online, May 27, 2011).ColombiaCanacol Energy Ltd., Calgary, will take farmouts from C&C Energia Ltd. to part of the operator's working interest in the Andaquies and Coa...
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