AGR Well Management to Drill North Sea Appraisal Well
UK North Sea-focused junior energy firm Independent Oil and Gas plc announced Thursday that it has executed a well management contract with AGR Well Management Limited for the drilling of an appraisal well. The well – on the Skipper discovery – is on track to spud in late January or early February.
AGR's payment for the work will be satisfied by a combination of shares and cash, Independent said.
Commenting on the transaction, Independent CEO Mark Routh said in a company statement:
"We are delighted to have signed the well management contract with AGR and are working hard to finalize the rig contract in the near term. We look forward to updating shareholders in due course."
WHAT DO YOU THINK?
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.
- Exxon Cutting Hundreds of Workers in Singapore
- Aramco Donates $1MM to Texas After Storm Uri
- BP Appoints New UK Head and Europe SVP
- Odfjell Finalizes Contract for Deepsea Stavanger
- ExxonMobil Seeks Minimum 30% Returns on New Projects
- Granholm Says Oil and Gas Firms Must Embrace Green Transition
- Oil Halts Losses on Eve of OPEC+ Meeting
- Drilling Uptick Bolsters Steel CEO Confidence
- Oil Prices Get Boost from Fuel Inventory Data
- Conoco COO Retires
- ERCOT Directors Resign
- China Oil Reserves Close to Capacity
- Qatar Petroleum Awards Major EPC Deal
- API Mulls Embrace of Carbon Pricing
- Cheniere to Provide Emissions Data to LNG Customers
- Ecopetrol Chief Defends $4B Utility Deal
- Exxon Cutting Hundreds of Workers in Singapore
- Aramco Donates $1MM to Texas After Storm Uri
- Tethys Hits Hydrocarbons Onshore Oman
- Qatar Petroleum Greenlights $29B LNG Project
- Total Bolsters Renewable Portfolio with Texas Buys
- How Many US GOM Jobs Could Go Under Biden?
- How Many US Oil Jobs Were Lost in 2020?
- Nigeria Judge Issues Arrest Warrant for Local Exxon Exec
- Ng Spurns Keystone XL Nafta Challenge
- Texas Governor Addresses Skyrocketing Energy Bills
- Could Biden Order Kill GOM Oil and Gas?
- US Sees Largest Production Disruption Ever
- What Does Myanmar Coup Mean for Oil and Gas?