• The rig contract in EG has been terminated by Trident Energy (the operator) on safety concerns with the Blow Out Preventers not working properly.
• We understand that there are suitable rig(s) available that are being considered as potential alternatives. The three well drilling campaign (followed by the drilling of the high impact Akeng Deep prospect) could restart during 2Q24 (subject to an alternative rig being secured).
• The rig had only commenced drilling operations on 22 January and any ....

09 Feb 2024
Panoro Energy ASA (OSE: PEN): Rig contract terminated in EG: Inconsequential blip

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Panoro Energy ASA (OSE: PEN): Rig contract terminated in EG: Inconsequential blip
- Published:
09 Feb 2024 -
Author:
Stephane Foucaud -
Pages:
5 -
• The rig contract in EG has been terminated by Trident Energy (the operator) on safety concerns with the Blow Out Preventers not working properly.
• We understand that there are suitable rig(s) available that are being considered as potential alternatives. The three well drilling campaign (followed by the drilling of the high impact Akeng Deep prospect) could restart during 2Q24 (subject to an alternative rig being secured).
• The rig had only commenced drilling operations on 22 January and any ....