Antrim secures additional rig for 2008 drilling programme
Thursday, November 22, 2007
Oil and gas explorer Antrim Energy, reported today that a second contract had been signed for a drilling rig to be used as part of its planned 2008 drilling programme in the UK North Sea.
The contract will provide Antrim with the Transocean "Prospect" semi-submersible drilling rig. This is in addition to the drilling contract previously announced for the Fyne Field which is scheduled to commence in the first quarter of 2008.
The new contract, due to start next June, is for four wells at a rate of $300,000/day and will be managed by AGR Peak Well Management . AGR also managed the successful multi-well drilling programme on the Antrim-operated Causeway property in the UK Northern North Sea.
Antrim said the contract would allow it to accelerate appraisal activity on its existing properties in the Northern and Central North Sea and was also expected to provide the flexibility to add additional drilling opportunities to its 2008 programme.
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