Drilling

NGE, WDL Agree to Terminate Papua New Guinea Rig Deal

Contract has been terminated by mutual agreement.

New Guinea Energy
29/01/2014 12:18
Visualizações: 1478 (0) (0) (0) (0)

 

New Guinea Energy Ltd. revealed Tuesday that the contract previously announced Oct. 31, 2013 for the use of Western Drilling Limited's SL7 Helo Rig and camp (Rig) within Papua New Guinea (PNG) has been terminated by mutual agreement.
To date, Western Drilling Limited (WDL) has been unable to obtain approval to use the Rig in Papua New Guinea from the PNG Department of Petroleum and Energy (DPE).
WDL will continue its efforts to obtain approval for the Rig from the DPE and will provide further updates to the market.

New Guinea Energy Ltd. revealed Tuesday that the contract previously announced Oct. 31, 2013 for the use of Western Drilling Limited's SL7 Helo Rig and camp (Rig) within Papua New Guinea (PNG) has been terminated by mutual agreement.


To date, Western Drilling Limited (WDL) has been unable to obtain approval to use the Rig in Papua New Guinea from the PNG Department of Petroleum and Energy (DPE). WDL will continue its efforts to obtain approval for the Rig from the DPE and will provide further updates to the market.

 

Most Read Today
see see
People
Patricia Pradal Appointed as New President of Chevron So...
30/06/25
Results
ANP Releases Consolidated Data for the Regulated Sector ...
30/06/25
Ethanol
Ethanol Prices Rise in the Last Week of June
30/06/25
People
Fulkrum appoints Louisa Poole as Chief Financial Officer
26/06/25
International Company News
Johan Castberg producing at full capacity
25/06/25
Decarbonization
EPE to Launch Analysis on Decarbonization of Brazilian E...
13/06/25
FIRJAN
At the Launch of the Rio Oil Yearbook, Business Leaders ...
13/06/25
Permanent Offer
ANP to Hold 5th Cycle of the Permanent Concession Offer ...
13/06/25
Award
Unique Group Celebrates Prestigious Wins at 2025 cHeRrie...
13/06/25
Business
ANP to Hold Public Consultation and Hearing on Update of...
12/06/25
RenovaBio
ANP Approves New Regulation for Biofuels Certification
12/06/25
E&P
ANP Approves Resolution Establishing Requirements for Fu...
12/06/25
Bahiagás
Luiz Gavazza Highlights Bahiagás’ Expansion and Bahia’s ...
12/06/25
Event
SP Offshore 2025: Second Edition Boosts a New Phase for ...
12/06/25
Bahia Oil & Gas Energy 2025
Innovation in Its DNA: How Comquality Is Revolutionizing...
04/06/25
Bahia Oil & Gas Energy 2025
Oil States Showcases Commitment to Innovation and Energy...
04/06/25
Permanent Offer
Permanent Offer Auction Notice and Environmental Licensi...
04/06/25
Environment
Supergasbras Expands Actions to Reduce CO₂ Emissions in ...
04/06/25
Sergipe Oil & Gas 2025
Sergipe Oil & Gas 2025 Launched with Focus on Innovation...
04/06/25
Marginal Fields
Fiscal Measures with Disproportionate Impact on Independ...
04/06/25
Investments
Transpetro launches tender to enter barge operation segment
30/05/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.