Empyrean given further 12 months for exploration drilling offshore China
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The exploration commitment for the first phase of exploration is to drill an exploration well. The company has said it is taking all necessary steps for safely drilling the first exploration well on Block 29/11 as soon as is practical.
Empyrean CEO, Tom Kelly, stated:
"This 12-month extension is a further example of the excellent cooperation and understanding between CNOOC and Empyrean. The extension provides enormous de-risking and flexibility with respect to the planning and drilling of the first phase exploration well in Block 29/11 without having to invoke force majeure. Covid-19 has made many operations unsafe and uncertain, especially travel, and this extension provides the flexibility for a much safer approach to our operations. It is Empyrean's intention to drill this first exploration well as soon as practicable and we continue to take proactive steps towards a safe drilling operation in China. Put simply, if we can safely drill this first well ahead of the new extension - we will."
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/04062020/empyrean-given-further-12-months-for-exploration-drilling-offshore-china/
You might also like
Urgent oil and gas decommissioning could deliver 25 000 jobs for North Sea workers
Urgent action to ensure oil and gas companies meet their legal obligations to safely remove ageing oil and gas infrastructure from the North Sea could create up to 25 000 UK jobs and deliver up to £15 billion in economic benefit to the UK, a new first-of-its-kind report shows.