Premier Oil Defers Chatham Well Drilling
February 12 2016 - 2:50AM
Dow Jones News
By Alex MacDonald
LONDON--Premier Oil PLC (PMO.LN) said Friday it has cancelled a
drilling contract for the Chatham exploration well in the Falkland
Islands following a number of operational issues with the Ocean Rig
UDW's Eirik Raude rig.
As a result, the drilling of the Chatham well--the final well in
current campaign--will be deferred until the Sea Lion
pre-development drilling campaign, said Rockhopper Exploration PLC
(RKH.LN), another partner in the well.
The postponement of the Chatham well has no impact on the
planning or timetable for the field development plan for the Sea
Lion initial phase development, Rockhopper added.
Premier Oil has a 60% stake in the Sea Lion project. Rockhopper
and Noble Energy Inc. (NBL) are also partners in the project.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
February 12, 2016 02:35 ET (07:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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