Oilexco north sea
Calgary-based Oilexco Inc. has found a potential buyer for its insolvent North Sea operating unit, with London-based exploration company Premier Oil PLC proposing to acquire Oilexco North Sea Ltd. Oilexco, whose major lender was the troubled Royal Bank of Scotland, filed for bankruptcy protection in Canada last month after the bank demanded repayment of loans - triggering the sale of Premier has announced the proposed acquisition of Oilexco North Sea Limited (ONSL) for $505 million together with a rights issue of New Ordinary Shares to raise approximately £171 million Oilexco North Sea and its partners have completed the first phase of the appraisal of the Paleocene Forties sand and the Upper Jurassic Fulmar sand in multiple zone light oil discovery on the Huntington Prospect in block 22/14b in the North Sea. The administration of Oilexco North Sea Limited (ONSL) earlier this year marked a milestone for the oil&gas industry as ONSL was the first major oil exploration, production and development company Oilexco North Sea employs around 100 staff and is listed on the London Stock Exchange. It is a subsidiary of Oilexco Inc in Canada which is not affected by the administration. Ravenspurn North is a dry gas field discovered in 1984 within blocks 42/30a and 43/26a in the Southern North Sea. It came on-stream in 1990, had a peak rate of c. 450 mmscf/d in 1997 and is currently producing c. 25 mmscfd (gross). The Borr Prospector-5 jack up rig has been contracted to drill two horizontal wells on Ravenspurn North, commencing later this quarter. The wells will access gas in undrained areas of the field with the aim of extending field life to 2028.
North Sea, United Kingdom, Europe, Onshore Following its acquisition of Oilexco in 2009, Premier Oil—the independent UK-based oil and gas production and
10 Aug 2010 FPSO Sevan Voyageur will be installed on the Shelley field in the central UK North Sea in 2008, under a five year contract with Oilexco North Stephen was Chief Geologist at Oilexco North Sea from 2004-2009, which took a company from 10 cents to $18.50 in 2008, producing 30,000 bopd from the 16 Mar 2017 Apache (North Sea) Limited. Aviat Field Appraisal Challenger Minerals (North Sea) Ltd. Crosby Exploration O. Oilexco North Sea Limited. 2 Feb 2007 Moray Firth area of the UK North Sea, Int'l. Frontier farmed out an interest to operator. Oilexco Inc. [OIL-TSX, AIM] and expects drilling to 1 Dec 2008 the Shelly field in the Central UK North Sea, leaving the Keppel Verolme 19 months after the contract signature with Oilexco North Sea Ltd. bidder for Oilexco's North Sea interests; advising a counter-party assets in the UK North. Sea. Advising on various gas North Sea interests. Upstream Oil & Gas. The Huntington field was discovered by Oilexco (acquired by Premier Oil in 2009 ) in June. 2007 by the discovery well 22/14b-5. •. The discovery well was drilled
Calgary-based Oilexco Inc. has found a potential buyer for its insolvent North Sea operating unit, with London-based exploration company Premier Oil PLC proposing to acquire Oilexco North Sea Ltd.
1 Feb 2009 For several years, Oilexco had been the most active explorer in the UK North Sea , measured by the number of exploration and appraisal wells 25 Mar 2009 Premier Oil has swooped on the North Sea unit of the bankrupt Canadian company Oilexco for $505m (£346m), launching a rights issue for Discovery and award to Oilexco North Sea. The field was discovered in 1984 by the 22/2-2 well and then plugged for 20 years until it was awarded to Oilexco Name, Period. OILEXCO NORTH SEA LIMITED, 01 Aug 2002 - 27 May 2009. FINLAW 373 LIMITED, 02 Jun 2002 - 01 Aug 2002
Oilexco North Sea Limited. Apr 2007 – Jun 2009 2 years 3 months.
Oilexco North Sea Ltd. FPSO Sevan Voyageur. OCM/Tow master/Project engineers/Deck foremen/Riggers. Tow to field and hook-up to pre-installed moorings North Sea, United Kingdom, Europe, Onshore Following its acquisition of Oilexco in 2009, Premier Oil—the independent UK-based oil and gas production and 3 Jul 2009 Worst hit have been high-cost provinces, notably the North Sea, deal struck early this year to buy up bankrupt Oilexco, a company that was a 192 Results Maersk holds the concession for exploration and production from areas in the Danish part of the North Sea, and also participates in oil exploration Oilexco Incorporated was an oil and gas exploration and production company. The company's producing properties and exploration activities were located in the United Kingdom Central North Sea, specifically in the Outer Moray Firth and Central Graben areas. In June 2007, oil production commenced from the Company’s first operated offshore field developments, the 100% owned Brenda Field and the 70% owned Nicol fields. The Company had a wholly owned subsidiary, Oilexco North Sea Limited, which LONDON (Reuters) - Britain’s Premier Oil agreed to buy the North Sea unit of Canada’s troubled Oilexco Inc for $505 million, as strong oil companies take advantage of low crude prices and tough Calgary-based Oilexco Inc. has found a potential buyer for its insolvent North Sea operating unit, with London-based exploration company Premier Oil PLC proposing to acquire Oilexco North Sea Ltd.
Ravenspurn North is a dry gas field discovered in 1984 within blocks 42/30a and 43/26a in the Southern North Sea. It came on-stream in 1990, had a peak rate of c. 450 mmscf/d in 1997 and is currently producing c. 25 mmscfd (gross). The Borr Prospector-5 jack up rig has been contracted to drill two horizontal wells on Ravenspurn North, commencing later this quarter. The wells will access gas in undrained areas of the field with the aim of extending field life to 2028.
Name, Period. OILEXCO NORTH SEA LIMITED, 01 Aug 2002 - 27 May 2009. FINLAW 373 LIMITED, 02 Jun 2002 - 01 Aug 2002 25 Mar 2009 On 25 March 2009 Premier announced the proposed acquisition of Oilexco North Sea Limited ("ONSL") for $505 million together with a rights
LONDON (Reuters) - Britain’s Premier Oil agreed to buy the North Sea unit of Canada’s troubled Oilexco Inc for $505 million, as strong oil companies take advantage of low crude prices and tough Calgary-based Oilexco Inc. has found a potential buyer for its insolvent North Sea operating unit, with London-based exploration company Premier Oil PLC proposing to acquire Oilexco North Sea Ltd. Oilexco, whose major lender was the troubled Royal Bank of Scotland, filed for bankruptcy protection in Canada last month after the bank demanded repayment of loans - triggering the sale of Premier has announced the proposed acquisition of Oilexco North Sea Limited (ONSL) for $505 million together with a rights issue of New Ordinary Shares to raise approximately £171 million Oilexco North Sea and its partners have completed the first phase of the appraisal of the Paleocene Forties sand and the Upper Jurassic Fulmar sand in multiple zone light oil discovery on the Huntington Prospect in block 22/14b in the North Sea. The administration of Oilexco North Sea Limited (ONSL) earlier this year marked a milestone for the oil&gas industry as ONSL was the first major oil exploration, production and development company Oilexco North Sea employs around 100 staff and is listed on the London Stock Exchange. It is a subsidiary of Oilexco Inc in Canada which is not affected by the administration.