Petro-Canada contracts rigs for North Sea, Trinidad/Tobago

Sept. 15, 2006
Petro-Canada has contracted drilling rigs for its offshore operations in the UK North Sea, and Trinidad and Tobago.

Offshore staff

LONDON -- Petro-Canada has contracted drilling rigs for its offshore operations in the UK North Sea, and Trinidad and Tobago.

"We will begin a multi-well exploration and field development program in the North Sea towards the end of this year, and we will also begin drilling in Trinidad and Tobago in 2007," says Nick Maden, vice president of exploration for Petro-Canada.

In the U.K., Petro-Canada has signed a one-year contract for the Global Santa FeArctic III rig. The rig will undertake a program that includes the development of the Saxon field, in-fill drilling in the Guillemot field, and three exploration wells.

In Trinidad and Tobago, Diamond'sOcean Worker semisubmersible will arrive in the second half of 2007 to start a six-month, multi-well program on block 22. At the same time, the Rowan Gorilla III jackup will arrive in Trinidad and Tobago for a six-month, four-well program in blocks 1a and 1b, with an option to extend the contract to an additional two wells.

9-15-06