DRILLING

FAR from cost blowouts this time

FAR Limited's chances of returning to the market yet again to fund its expensive offshore Senegal work appear to have reduced with Cairn Energy revealing falling rig rates would put costs well within the emerging Aussie company's reach.

FAR from cost blowouts this time

Cairn, which operates the Senegal permits, told a recent RBC Investor Lunch Series in London that with falling deepwater rig rates and the experience gained drilling offshore Senegal last year, it believes...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry