Peak Well Management Limited (Peak), the Aberdeen-based provider of international well construction services to the global oil and gas industry, intends to use the ENSCO 92 jack-up drilling rig, subject to mutually agreed terms and conditions, for operations in the UKCS Southern North Sea.
The rig, which had been contracted to BP, will be operated by Peak on behalf of Serica Energy plc (Serica) for the Oak exploration well.
The well is scheduled to be drilled in block 54/1b to a depth of approximately 7,865 ft. Drilling is expected to commence early October 2006 for an estimated dry hole duration of thirty (30) days.
"We are delighted to have secured the ENSCO 92 for Serica, especially given the current tightness of the rig market, " commented Bob Lyons, Chief Operating Officer of Peak. "Everyone knows how difficult it has been for operators - small and medium sized companies in particular - to find available rig slots to fulfil their drilling commitments. Nevertheless, we are optimistic that given our reputation and scope of operations, we will be able to secure more re-assigned drilling slots in the programmes of drilling rigs which have already been contracted under long-term agreements."
-Ends-
Notes to editors
Peak Well Management Limited is part of The Peak Group which in May 2006 was acquired by The Ability Group (AGR) of Norway for 26 million. Ability Group was floated on the Oslo Stock Exchange on July 3 2006 with an over-subscribed share placing of 27.4 million shares, giving the group an initial market capitalisation of 3 billion NOK.
Ability Group is now established as the world's leading independent well operator through its Peak Well Management and AGR Drilling Production Technology (DPT) AS business units.
For further information please contact:
Bob Lyons, Chief Executive,
Peak Well Management Limited
bob.lyons@peak-group.com
+44 (0) 1224 566 700
Per Inge Remmen,
Executive Vice President,
AGR Petroleum Services Production Technology
per.inge.remmen@agr.no
+44 66 77 6464
© Press Release 2006
