Co-op programs to drill nine N. Sea wells

Nov. 22, 2006
Six independent oil companies will drill nine wells next year in the central and northern UK North Sea with two semisubmersible rigs under two cooperative programs managed by AGR Peak Well Management Ltd., London.

Uchenna Izundu
International Editor

LONDON, Nov. 22 -- Six independent oil companies will drill nine wells next year in the central and northern UK North Sea with two semisubmersible rigs under two cooperative programs managed by AGR Peak Well Management Ltd., London.

The companies involved are Antrim Resources (NI) Ltd., three wells; Nautical Petroleum PLC, two wells; and Bow Valley, Vermillion Rep SAS, Ithaca Energy (UK) Ltd., and Xcite Energy Resources Ltd., one well each.

One of the programs will begin next April and the other, next May. The semis will come from Transocean Offshore (North Sea) Ltd. and Dolphin Drilling Ltd. AGR Peak Well Management will provide full well project management, including rig and support services.

Contact Uchenna Izundu at [email protected].