CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc > Rig Component Failure/Replacement

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Comment by Dirksidetrackon Dec 18, 2021 3:59pm

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Post# 34243825

RE:RE:RE:Rig Component Failure/Replacement

We had a top drive needing a rebuild on a Nabors big triple land rig in Venezuela. Hydraulics system. Replaced cartidge valves, seals and some other stuff. It was quick. Maybe a day. Offshore, I don't know. I can't imagine it taking too long unless it was a major failure and they had to replace the entire top drive. On those offshore rigs we had the top drive, cyber chair, automated equipment guys on the rig 24/7, usually NOV (National Oilwell Varco). As for who pays the costs, I have absolutely no idea. Need a lawyer or accountant specializing in this matter to answer that one. That stuff was way above my pay grade.

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