Noble jackup to drill wells for Cirrus

The heavy-lift vessel Stanislav Yudin has installed Cirrus Energy’s M7-A platform in the Dutch North Sea.

Offshore staff

CALGARY -- The heavy-lift vessel Stanislav Yudin has installed Cirrus Energy’s M7-A platform in the Dutch North Sea.

Early next month, the jackup Noble Lynda Bossler should resume working for Cirrus, drilling the M7-A01 development well from the platform, an operation likely to take 50 days. Cirrus expects first gas from the project this fall.

The company is also making steady progress with the acquisition of the L11b-A platform and the L11b license as head of the L8-D consortium. First gas from the L8-D field is also expected this fall, following the tie-in of the L11b-A06 well.

Once the Noble Lynda Bossler has completed M7-A01, it will transfer to the L1lb-A platform to drill the deviated L11b0-A07 appraisal/development well which should be completed in November, with first gas set to flow next January.

According to Cirrus President and CEO David Taylor: “With the indexation of Dutch gas prices to oil, the recent strength in oil prices will translate into higher gas prices later in 2009 with a commensurate impact on Cirrus’ future revenues.”

06/17/2009

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