Rockhopper Exploration PLC Signs rig contract with Premier Oil plc to drill a minimum of four firm wells in the North Falkland Basin
- Announce that a drilling unit has been contracted by Premier Oil plc ("Premier") to drill a minimum of four firm wells in the North Falkland Basin.
- The rig has been contracted by Premier as Operator and will also be used by Noble Energy under a rig sharing agreement to drill a further two firm wells elsewhere in the Falklands. Additionally, eight options have been secured which can be exercised prior to mobilisation and a further eight, which can be elected at key points during the campaign.
- While the drilling order has yet to be finalised, Rockhopper and its partners anticipate using the first two firm slots on the rig to drill the Zebedee and Isobel/Elaine prospects, with Noble taking the third and fourth, before the rig returns to the North Falkland Basin for the final two firm wells which are likely to be the Jayne East and Chatham / Sea Lion West Flank locations.