Granby Completes Farm-in Deal with Century Exploration
The drilling rig is now under contract and is being towed to the well location. The rig is expected to start drilling operations on or around December 23, 2005 targeting a Tertiary reservoir (the Hendrix prospect). The Hendrix prospect has significant oil potential and will be drilled to a total depth of approximately 1,850 meters. The well is being drilled by the Bredford Dolphin and is operated by Century Exploration (UK) Ltd. Drilling operations are expected to take around 3 weeks.
David Grassick, Managing Director of Granby Oil and Gas, said:
"We are pleased to have brought forward Granby's second North Sea exploration well in advance of the multi-well program planned for next year on our exploration portfolio."
Richard Moreton, Director of Granby Oil and Gas, said:
"Hendrix is an exciting prospect in which we are pleased to be participating. The prospect is located within an area that we have been interested in for some time. Granby's participation in this well is consistent with our exploration strategy for the Central North Sea and enables the company to advance its drilling program for this area."
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally