Kosmos Signs Up Maersk Discoverer for Morocco Drill

Junior explorer Fastnet Oil & Gas reported Friday that its partner Kosmos Energy has agreed a one-well rig share deal with BP and Maersk Drilling for the Maersk Discoverer (DW semisub) rig.

The rig is now expected to begin drilling operations on the FA-1 exploration well in the Foum Assaka Offshore block in Morocco during the first half of this year. Once begun, drilling operations are expected to take around three months to complete.

Fastnet Managing Director Paul Griffiths commented in a company statement:

"We are delighted that Kosmos has secured the required rig to execute our Foum Assaka exploration program with BP and [SK Innovation] beginning the first half of this year. We have moved quickly to prepare ourselves for drilling by independently securing our farm-in partner and ensuring the company is well funded to deliver an exciting drilling programme offshore and onshore Morocco in 2014 in partnership with world class explorers."

Fastnet will be carried through its share of the drilling costs by SK Innovation, which entered into a farm-out agreement with Fastnet for a 12.5-percent interest in the Foum Assaka block in December.

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Galilee Completes Acquisition of ATP 5... (Aug 27)
 -  NPD Grants Statoil Drilling Permit in ... (Aug 27)
 -  Molopo Energy Appoints New Non-Executi... (Aug 27)
 -  McDermott Awarded Record Services Cont... (Aug 27)
 -  OMV Appoints New Executive Board Membe... (Aug 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Solids Control Technicians
Expertise: Floorhand
Location: Midland, TX
 
Rig Operations Manager
Expertise: Rig Manager|Workover or Completion
Location: Gulf Coast Area
 
Roustabout
Expertise: Roustabout
Location: Texas, TX
 
search for more jobs

Brent Crude Oil : $47.56/BBL 10.24%
Light Crude Oil : $42.56/BBL 10.25%
Natural Gas : $2.63/MMBtu 2.23%
Updated in last 24 hours