Irish Offshore Spending to Hit $134.6m

Tuesday, June 05, 2007
Up to $134.6m will be spent on the Irish offshore this year as part of the busiest drilling program offshore Ireland in decades, according to a report in the Independent. With the Corrib partners completing a total of five production wells on the Corrib gas find, the program is also scheduled to include drilling on the Old Head of Kinsale gas find by Island Oil and Gas, as well as the Hook Head prospect, where Providence is the operator. Providence is scheduled at the beginning of August to start a 50-day drilling program over Hook Head in the Celtic Sea, a drilling campaign designed to test a structure on which two previous wells have discovered hydrocarbon bearing sands. The Island program is already under way, with the Petrolia rig having reached total depth on the pre-development drilling and testing of the Old Head of Kinsale gas field, a discovery made by the company last year. A report from Lehman Brothers said the 2007 increase is largely expected to come outside the US and Canada, with spending in the international markets likely to rise by 20pc from the 13pc increase forecast in December. Source: The Independent
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BMT WBM Scientist Udy wins Kevin Smith Prize

BMT WBM’s Brisbane-based Graduate Scientist, Danielle Udy, was recently awarded the Royal Geographical Society of Queensland 2014 Kevin Smith Prize for her honours research.

Launch of First Future Destroyer, Hobart

Speech delivered by the Minister for Defence, Kevin Andrews during the launch of Hobart - the first future destroyer: Thank you for being here on this very important day.

2 Americans Rescued North of Cuba

A Coast Guard MH-60 helicopter crew rescued two American sailors whose vessel ran aground approximately 25 miles north of Gibara, Cuba, Friday. Watchstanders

Offshore

Mobil Says Oil Discovery off Guyana is 'Significant'

Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast.

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.

IMO Adopts Polar Code Environmental Provisions

United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.1466 sec (7 req/sec)