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Skipper Update. Operations are anticipated to commence on 22 July No fees have been levied or further warrants granted in achieving this extension. It was previously announced on 14 July that from 19 July , the number of Ordinary Shares in issue would be ,, The vertical well will be drilled to 5,ft with the primary objective of retrieving good quality reservoir condition oil samples in order to optimise the Skipper field development plan.

The well will also drill two mapped reservoir structures beneath the Skipper oil field in the Lower Dornoch and Maureen formations. Initial results from the well are expected mid-August. Skipper Appraisal Well Update. The well is expected to take approximately 22 days to drill. Skipper Appraisal Well rescheduled for July This is an appraisal well on the Finlaggan Discovery.

Transocean to spin off UK based midwater drilling units into new company. Transocean Ltd Transocean announced today that it intends to pursue the creation of an entity comprising eight of its UK North Sea midwater drilling rigs. Transocean expects to establish the new entity, Caledonia Offshore Drilling Company Caledonia , during the second half of and, at an appropriate stage, separate Caledonia from Transocean.

The UK North Sea remains an important market for Transocean and the company is committed to maintaining its presence in the region. As such, various options for the separation of Caledonia are under consideration. Caledonia is expected to have a focused approach to assets and operations in the UK North Sea and it will continue to provide best-in-class service to customers.

The creation of Caledonia reflects the continued execution of Transocean's asset strategy to improve the overall capability of its offshore drilling fleet by divesting non-core assets, complemented by the addition of new, high-specification offshore drilling rigs. Athena Development Drilling Completed. Ithaca Energy Inc. The well encountered a considerable section of oil saturated net reservoir, with good porosities. Development drilling has now been successfully concluded and the project remains on schedule for production start up in Q4 at approximately 22, barrels of oil per day "bopd" gross , approx.

The drilling rig, Sedco , is now proceeding to run completion equipment and perforate the Well, the three existing suspended production wells and the water injection well. The Well was directionally drilled to the northwest of the Athena field where it encountered the principal reservoir section, the Scapa A reservoir, at 11, feet measured depth , 8, feet true vertical depth subsea , in line with prognosis. Two of the thickest, high porosity sandstone units were encountered close to the top of the reservoir section and Management anticipates that these will contribute to strong flow rates when the Well comes into production.

A production liner has been run across the reservoir section. The vessel has been successfully separated for installation of a turret docking section which is currently being welded into the structure amidships. The vessel will be extended by approximately 65 feet. Athena field final development well drilling commenced. The well is planned to be directionally drilled to produce oil reserves lying in the north west of Athena.

The Sedco Express ultra deepwater floater will be scrapped…. Image from EnQuest…. First oil, from the FPF-1 floating production unit, is scheduled for next month, as planned. The unit set sail from Poland in August and was safely towed to location…. We will be out and about finding out about the latest in offshore technology, including the Norway's world-class subsea expertise…. Ithaca Energy's floating production unit, the FPF-1, has set sail for the Stella field in the North Sea after completing final marine systems trials.

First oil from the Greater Stella Area development is expected in about three months later…. Global drilling giant Transocean has announced a string of new contracts and the start of its newbuild drillship Deepwater Proteus on contract. The firm has also stacked six rigs, taking its total number of currently stacked rigs to 28…. Ithaca Energy's floating production unit, the FPF-1, has set sail from the Remontowa shipyard in Gdansk after completing a required inclination test. The vessel has been moved to a deepwater location offshore Gdansk to undertake final marine system trials over the course of next week….



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