Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
"The BOP has been checked and tested by the OEM representative on board the rig and declared safe and ready for operations. Island Drilling is evaluating all legal recourse at its disposal to contest the termination."
The partners have decided to defer the drilling programme offshore Equatorial Guinea, until they can find another rig and drilling contractor.
As a result, the drilling company said the rig would be in Equatorial Guinea for around 230 days. Trident also has another two options it could exercise.
As a result the accident Norwegian contractor Island Drilling has been hit with an improvement notice.
A huge semi-submersible drilling rig is bucking the current industry trend and setting course for the UK North Sea.
Eco Atlantic Oil and Gas (LSE:ECO) has declared the Gazania-1 well non-commercial in a knock for offshore South Africa’s hopes.
Island Drilling has been awarded a UK contract with Dana Petroleum worth around $30 million.
Trident Energy has signed up a rig from Island Drilling for work offshore Equatorial Guinea.
The Island Innovator rig is on its way to South Africa, where it should begin drilling the Gazania-1 well by the end of September.
Tullow Oil has chosen Petrofac to carry out well decommissioning offshore Mauritania, replacing Maersk Decom.
Eco Atlantic Oil & Gas has put $20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa.
Eco Atlantic Oil & Gas has signed a drilling contract for the Island Innovator semi-submersible to work on the upcoming Gazania-1 well.
New Fortress Energy (NFE) has signed a preliminary deal with Mauritania to produce LNG from the offshore.
Westwood Global Energy reports thatthere were four exploration and one appraisal well programmes active as of July 1.
Chinese firm Cnooc has confirmed that its Howick exploration well located west of Shetland was a duster.
Spirit Energy's latest wildcat well in the Norwegian continental shelf has turned out to be dry.
Semco Maritime has won a contract to perform repairs and service the Island Innovator rig.