EXPLORATION

Partner found for Gabon appraisal

IN YET another sign of the dire outlook for rig owners, Pura Vida Energy has convinced a jack-up provider to foot the bill for half of a three-well program, offshore Gabon in return for a royalty – if the junior can find the balance.

Partner found for Gabon appraisal

Pura Vida announced yesterday that it had signed a conditional terms sheet with the unnamed rig provider, which will front $US20 million ($A26.5 million) towards the drilling, but the deal is contingent...

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

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 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

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.