Offshore staff

CALGARY, Canada -- The Fyne field joint venture partners have contracted the semsubmersible Sedco 704 to drill the East Fyne appraisal/development well in the UK central North Sea.

Drilling should start in September 2011, with an estimated duration of 28 days.

The well is designed to de-risk the eastern extent of the Fyne field in block 21/28a, and depending on the outcome, may be retained for future production from the field.

The cost of drilling, completion, and/or abandonment will be deducted from Premier Oil UK's carried contribution of up to $50 million. This has been assigned to offset all or a large part of Antrim's development expenses in bringing Fyne Field into production.

05/09/2011