Drilling Offshore Kenya to Start Later This Year

Kenya Offshore Blocks
(Click to Enlarge)
Woodside as operator of the Company's Kenya Joint Venture has advised that the drill rig is expected to be handed over to Woodside in the second half of October 2006, with drilling operations to begin about one month later after the rig has mobilized to Kenya.

Two wells are planned one in each of Blocks L-5 and L-7. The first of two wells is likely to be in L-5 on the Pomboo prospect and the second well will be in Block L-7 and is likely to be on the Sokwe prospect.

Holdings in the L5 and L7 Joint venture are Woodside 30% (and operator); Dana 30%; Repsol 20%; and Global 20%

The costs associated with Global's 20% in L5 and L7 are carried for all activities through the drilling of the first well in each of these areas. Woodside and Repsol earn their farm-in equity when these two wells are drilled.

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.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours