Skipper appraisal well rescheduled for July 2016
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
Highlights:
Mark Routh CEO of IOG commented:
“This well should be transformational for IOG and we are delighted to drill it next month with a significantly reduced estimated duration and cost.
The willingness of our financial backers and contractors to co-operate in a progressive way to make this well happen amid these tough industry conditions is testament to a new collaborative spirit in the North Sea. The support and engagement of the OGA for this approach has been vitally important and is very encouraging for the future. We look forward to continuing to work with our regulators, investors and commercial partners to create value for all.
Our determination to move Skipper forward further underlines our commitment to the future of the North Sea and indeed this may well prove a good time to invest counter-cyclically. Well-managed projects on the UK Continental Shelf can create excellent value for investors and that remains our clear focus.
IOG is very pleased to be working with Transocean, who have first class operational expertise and are showing their continued support for investment in the North Sea by partnering in this innovative commercial structure.”
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/exploration/08062016/skipper-appraisal-well-rescheduled-for-july-2016/
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