Nautical Postpones Drilling North Sea's Hydra Prospect Until 2009

Hydra Prospect
(Click to Enlarge)

Nautical Petroleum has announced that the planned drilling of the Hydra prospect has been postponed until 2009 due to bad weather in the North Sea and the high standby costs that Nautical would incur if the Company held the rig until drilling could commence.

As a consequence of the bad weather, the partnership made the decision to move the rig to the east of the Shetland Islands and then the rig was demobilized.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Well Monitoring Specialist
Expertise: WellSite Supervisor
Location: Houston, TX
Chief Mechanic (6th Gen Drillship)(Contract)
Expertise: Rig Mechanic
Location: Houma, LA
ET (Deepwater Drillship)
Expertise: Rig Electrician
Location: Houma, LA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours