Northern Has Contracted the ENSCO 8503 Rig

Source: www.gulfoilandgas.com 1/28/2011, Location: South America

Northern Petroleum notes that in respect of the Guyane Maritime Block in which Northern holds a 1.25% interest, Tullow Oil plc (“Tullow”) in their Trading Statement and Operational Update dated 27 January 2011 stated:

“Following the acquisition and processing of a large 3D seismic programme in late 2009/early 2010 in the Guyane Maritime Block (Tullow 27.5%), a portfolio of Upper Cretaceous Jubilee-type prospects and leads have been identified. The partnership has contracted the ENSCO 8503 rig and expects to commence drilling the Zaedyus prospect in Q1 2011.”

The Partners in the Guyane Maritime licence are:
Tullow (Operator) has 27.5%
Shell has 45%
Total has 25%
Northern has 1.25% (Northpet Investments Limited (“Northpet”) holds a 2.5% interest; Northern and Wessex Exploration PLC each own a 50% equity interest in Northpet)


Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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