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    1. Drilling & Completion

    Sedco 704 inked in for East Fyne

    May 9, 2011
    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.

    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