Friede & Goldman

Type: Company

Name: Friede & Goldman

First reported Mar 08 2013 - Updated Mar 08 2013 - 1 reports

ConocoPhillips Company

ConocoPhillips to go ahead with Chukchi Sea drilling

MARCH 8, 2013 — While Shell has delayed its plans for drilling offshore Alaska (see earlier story), ConocoPhillips plans to go ahead with exploratory drilling in the Chukchi Sea during the 2014 open water season.In a document submitted to this year's ... [Published Marine Log - Mar 08 2013]

Entities: ConocoPhillips Company, Chukchi Sea, Friede & Goldman, Vessel, NOAA Fisheries

Quotes

In a document submitted to this year's NOAA Fisheries public Open Water Meeting in Anchorage, Alaska, ConocoPhillips Company said it "intends to drill one or two exploration wells within existing lease holdings in the Chukchi Sea during the open water season of 2014 to test whether oil deposits are present in a commercially viable quantity and quality. The drilling will be conducted with a jack-up rig and a variety of vessels (including tugs and barges, ice management and oil spill response vessels) and aircraft (fixed wing and helicopter) to support the drill rig operations. Activities that are part of the drilling operation include: (1) drill rig mobilization and positioning, (2) ice management, (3) drill rig resupply, (4) personnel transfer, (5) refueling, (6) oil spill response capability, and (7) drill rig demobilization. In addition, two or three vertical seismic profile (VSP) data acquisition runs per drilled well will be conducted from the rig."

ConocoPhillips to go ahead with Chukchi Sea drilling [Published Marine Log - Mar 08 2013]

Bill Rose, President and CEO, commented: "We appreciate the prudent steps taken by F&G and DSIC-Offshore to ensure safe delivery of a very high quality drilling unit conforming to our specifications and the highest industry standards. The F&G JU2000E jack-up is a proven design and has operated in the areas like the North Sea, and we expect a quick resolution."

China yard stops work on Prospector rig jacking systems [Published Marine Log - Dec 10 2012]

Fredrik Halvorsen, Chief Executive Officer of Seadrill Management AS says, "This investment is in line with our strategy of building a modern fleet through selective acquisitions and organic growth. The ultra-deepwater market is in a strong cycle, something we expect to prevail over the coming years and the acquisition increases our exposure to this segment. Furthermore, we are pleased to strengthen our relationship with Total in Angola, and increase our presence in the region, which adds scale to our operations and could further reduce our relative cost base in the region."

Seadrill buys ultra-deepwater semi Songa Eclipse [Published Marine Log - Nov 16 2012]