Stay Connected

Premier withdraws from Red Sea concession

Offshore staff

LONDON – Premier Oil has decided to relinquish its interest in the North Red Sea 1 license offshore eastern Egypt.

This follows an unsuccessful exploration well on the Cherry prospect.

The company has also withdrawn from the South Darag block in the Gulf of Suez, due to the lack of formal government approval of the license award.

3/27/2013

Related Articles

CEPSA agrees to Coastal Energy takeover

Nov 19, 2013

Spanish oil company CEPSA has agreed to acquire Coastal Energy via a share purchase.

Statoil fined for North Sea waste mix-up

Nov 19, 2013

Statoil has been handed a NOK-10 million ($1.64-million) fine for an incident on the Oseberg C platform in May 2011.

Trending News

Eni reports new oil discovery offshore Angola

Sep 17, 2014

Eni has made a new oil discovery in block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in block 15/06. The new discovery is estimated to contain 300 MMbbl of oil in place.

AGR to provide well intelligence software to Lundin Norway AS

Sep 17, 2014

AGR reports that its Software Solutions division has signed a contract with Lundin Norway AS. The two-year deal includes AGR’s latest software offering, iQx, which is designed to simplify the planning and execution of wells, as well as maintenance and support services.

Hydramec chooses Scantrol LARS system for ROV

Sep 17, 2014

Scantrol has delivered an active heave compensation (AHC) package for a launch and recovery system (LARS) to serve an observation ROV. The LARS is designed by Hydramec.

 

iSURVEY awarded two-year contract with Island Offshore

Sep 17, 2014

iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management. iSURVEY will provide positioning services to Island Offshore as part of a call-off arrangement.

Woodside selects Lloyd's Register Energy as global inspection provider

Sep 17, 2014

Woodside has chosen Lloyd’s Register Energy as one of its global inspection providers. The new contract will help to ensure that the components and equipment Woodside procures globally meet quality expectations.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>