Hardy Wins Contract for Indian Offshore Development

Wednesday, December 21, 2005
Hardy Oil and Gas recently announced that its subsidiary, Hardy Exploration & Production Inc., has entered into an agreement with a subsidiary of Sinvest ASA (the Deep Drilling Invest Group) for the drilling of two wells on the CY-OS2 block, OilVoice reports. The contract term is for a period of two wells, with an estimated duration of around 130 days. The contract is targeted to commence in the second quarter of 2006, drilling to depths of 3,500 m. subsea at a cost of approximately $24 million. The drilling will be performed by Premium Drilling with the unit Deep Drilling I, a new Baker Marine 375 'Pacific Class' jackup designed to work in up to 375 ft. water depths that is currently under construction at PPL Shipyard in Singapore. Hardy is the operator, and holds a 75% working interest, in the CY-OS2 block located in the northern part of the Cauvery Basin. Source:OilVoice

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

LNG

First US LNG Shipment Goes to China

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that

LNG Market Needs More Vessels than Currently on Order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more

Insights: Kunkel Weighs in on Propulsion Technology

LNG? Methanol as fuel? Hybrid systems? Tier 4? Reducing noise? Cutting emissions without crushing fuel economy? Marine News readers have questions and Bob Kunkel has answers.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0824 sec (12 req/sec)