GREY:GULSF - Post by User
Comment by
snafuron Dec 21, 2006 8:41pm
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Post# 11909383
RE: OIL announes seond rig...
RE: OIL announes seond rig...Of course LV discovery drill to commence in feb/mar won't be affected by a second rig, which is contracted to start work in april 2007.
The important statement is:
"This new long term drilling contract will allow Oilexco to continue its aggressive program of exploration, appraisal and development drilling in the UK North Sea well into the future"
Oilexco has the largest interst in LV, which is the biggest current possible discovery in the NS.
With a second rig they have now the possibility to appraise LV very fast. Two rigs on the chessboard gives them a very good starting point for an "aggresive program".
Going very fast from discovery to appraisal program on LV will also have a major impact also on Gulf.