Island Oil & Gas Wins Q13b Exploration License

Wednesday, April 09, 2008

Island Oil & Gas Plc. said it has won the Q13b exploration licence from the Dutch government, valid for five years.
The minister of economic affairs of the awarded the license to Island Netherlands B.V., a wholly owned unit of Island Oil, and , the designated operator, will hold a 100 percent working interest in the license.
Island Oil intends to split the license into a shallow (oil) and deep (gas) part, with Island Oil operating the shallow part with a 100 percent interest and Cirrus Energy Nederland B.V. operating, on behalf of its partner Petro-Canada Netherlands B.V., the deep part in which Island Oil will have no equity interest.
The Q13b license contains part of the Zaan Field which has up to 12.4 million barrels of gross oil in place.

Source:  Thompson Financial

Maritime Today


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

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

Contracts

Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä, the marine industry's leading solutions and services provider, is enhancing its service offering by participating in a new maintenance hub in the Canary Islands.

Diana Shipping Enters Contract with SwissMarine

Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels,

UAE Top Court: Physical Bunkers Suppliers Have No Right to Recourse against Owners/Charterers

The OW saga - UAE Federal Supreme Court decides that physical suppliers of bunkers have no right to recourse against Owners/Charterers. In the first decision

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority 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: 0.0554 sec (18 req/sec)