Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

New Standard Energy Terminates Drilling Contract Citing Safety Concerns

change text size

New Standard Energy (NES) disclosed Friday that, as operator of the Goldwyer joint venture (GJV) with ConocoPhillips, it has terminated its drilling contract with Century Energy Services (MB Century) with immediate effect.

NSE noted that the decision to terminate the drilling services agreement (DSA) was made based on concerns relating to safety, competency and operational performance, and reliability grounds; with the latter supported by an independent audit of the drill rig.

Rig down and demobilization of MBC Rig-14 is on-going, a spokesperson representing confirmed with Rigzone Friday.

Both ConocoPhillips and NSE also noted that although this will delay the drilling of the onshore Gibb Maitland-1 well, the GJV farm-in remains on track. The first phase of the drilling program will resume at the suspended Gibb Maitland well-site once current efforts to identify and secure suitable drilling rig alternatives are completed.

The spokesperson said that NSE will not be able to provide further information about its discussions with other rig contractors, as talks are still in their preliminary stages.

Australian regulators have assured NSE that the drilling delay will not jeopardize the tenure of the GJV permits.

NSE earlier on Jan. 29 revealed that the GJV was encountering "recurring electrical issues" with MBC Rig-14's power controller unit. The rig was undergoing repairs during that week, and was operating at "zero rate."

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Facilities Manager
Expertise: Contracts Administration, Facilities Manager, Project Management
Location: Houston , TX
 
Rig Manager - Training Rig
Expertise: Rig Manager, Safety Training Rep
Location: Houston , TX
 
Land Specialist
Expertise: Landman
Location: Platteville, CO
 
search for more jobs