Antrim Energy Signs Drill Rig Contract for East Fyne Field

Antrim Energy is a global oil and gas exploration and production firm based in Calgary in Canada. It has announced that the Fyne Field joint venture, in which Antrim holds 35.1%, is now purchasing the site study information and has signed a drill rig contract for the East Fyne appraisal/expansion well at Block 21/28a in UK Central North Sea.

The company has engaged the Sedco 704 rig. It is expected that the drilling will begin on September 2011 and the duration calculated for drilling operation is 28 days.

Antrim has planned the well to reduce the hazard for the eastern area of the Fyne Field and may be held on for future production in the field.

The well will be drilled at no cost to Antrim as per the former conditions in the deal, but the drilling cost, drilling completion or rejection will be deducted from Premier Oil UK’s carried contribution of up to US$50 million and to compensate all or a considerable portion of Antrim's expansion expenses to bring the Fyne Field into production.

Source: http://www.antrimenergy.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Antrim Energy Inc.. (2019, March 19). Antrim Energy Signs Drill Rig Contract for East Fyne Field. AZoMining. Retrieved on September 20, 2020 from https://www.azomining.com/News.aspx?newsID=4099.

  • MLA

    Antrim Energy Inc.. "Antrim Energy Signs Drill Rig Contract for East Fyne Field". AZoMining. 20 September 2020. <https://www.azomining.com/News.aspx?newsID=4099>.

  • Chicago

    Antrim Energy Inc.. "Antrim Energy Signs Drill Rig Contract for East Fyne Field". AZoMining. https://www.azomining.com/News.aspx?newsID=4099. (accessed September 20, 2020).

  • Harvard

    Antrim Energy Inc.. 2019. Antrim Energy Signs Drill Rig Contract for East Fyne Field. AZoMining, viewed 20 September 2020, https://www.azomining.com/News.aspx?newsID=4099.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit