North Sea Energy Starts Bagpuss Site Survey

North Sea Energy Inc., through its wholly owned subsidiary North Sea Energy (UK N02) Ltd. (NSE-2), has announced that the Bagpuss Site Survey has begun and should be completed in the next 7 days.

The purpose of the survey is to collect high resolution digital seismic, soils data and a full range of environmental data that is required by DECC prior to drilling of the initial Bagpuss well. The Bagpuss well is currently scheduled to be drilled in Q3 2015, subject to normal approvals.

In addition, the Bagpuss joint-venture partners recently received approval from DECC to move into the second phase of the Bagpuss Promote licence (4 year initial term, drill or drop decision by end 2nd year) by demonstrating financial, technical and environmental capacity to be in place, in addition to a firm commitment to drill the Bagpuss well. NSE-2 holds a 15 percent working interest in the Bagpuss and Blofeld prospects located in blocks 13/24c and 13/25, and is funded through its farm-in agreement with Maersk covering 100% of NSE’s drilling costs, subject to a cap, for the initial Bagpuss well and the site survey costs.

In addition, Maersk is covering 50% of NSE’s costs, subject to a cap, on a Bagpuss subsequent well, should one be drilled. Other Joint venture partners include: Premier Oil Plc., Maersk Oil UK Ltd., EnCounter Oil, and Groliffe Limited hold the remaining 37.5, 25, 15, and 7.5 percent working interests in the Blocks, respectively.

Press Release, September 18, 2014

 

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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