Oil and gas specialists, Subsea 7, have announced a long term contract win that will see them supply services to the UK based independent- Premier Oil.
Premier Oil | Offshore Post
The Argentinian government has ordered the seizure of all assets owned by oil and gas exploration companies operating within Falklands Island waters.
Premier Oil, the British exploration and production company, has announced it has made an oil discovery at its Isobel Deep well in the North Falkland Basin.
Argentina has announced that it is initiating legal proceedings designed to stop five oil companies drilling in the seas around the Falkland Islands.
Falkland Oil and Gas Limited have announced that the Isobel Deep exploration has been successfully spudded, following the successful Zebedee discovery
Premier Oil has started a new exploration campaign near the Falkland Island and is hoping to extract 281 million barrels of oil equivalent (mmboe).