Maersk Drilling on June 14 said that CNOOC Petroleum Europe Ltd., a wholly-owned subsidiary of CNOOC Ltd., has exercised a one-well option for the Mærsk Innovator jackup rig to continue drilling infill wells at the Buzzard field on the U.K. Continental Shelf.
The option has an expected duration of approximately 100 days, which means the Mærsk Innovator is now firmly contracted until February 2020.
Mærsk Innovator is a CJ70 ultra-harsh environment jackup rig which was delivered in 2003 and is designed for year-round operations in the North Sea.
Interest is expected to continue picking up in the Sergipe-Alagoas Basin as the country looks to attract investors to areas beyond, though not excluding, presalt.
Energean, which is focused in the Mediterranean, will sell Edison E&P’s U.K. and Norwegian units for $250 million, with additional cash contingent consideration of up to $30 million.
MicroSeismic CEO Peter Duncan believes operators are just learning the true mysteries of the U.S. unconventional play subsurface.