Offshore logo
Jacky well judgement
Posted 04.07.2012 08:28:39 av John Bradbury
Vis RSS feed
Send nyhet til en venn
Canadian-based explorer North Sea Energy has lost a contested court case over paying equity costs of a North Sea well on the UK's Jacky field.

In the High Court in London North Sea Energy has been ordered to pay its 10% share of costs for the unsuccessful Jacky 03 well which was drilled last year and failed to produce any oil.

Craig Anderson, chief executive officer of North Sea Energy, slammed the decision by the presiding judge, Judge Popplewell, which was made in favour of Jacky field operator Ithaca Energy.

“The UK High Court’s Judge Popplewell has deemed that the J03 well was not an appraisal well but rather a producer according to the Joint Operating Agreement (JOA) regardless of the fact that it has never produced any oil,” NSE stated. And the company continues: “NSE opposed the drilling of the J03 well on the basis of its technical and economic merits.”

And Anderson added: “It’s a blow for minority joint-venture partner rights in the UK North Sea, and I am very disappointed by the Popplewell judgement.”

Nevertheless NSE states that it has paid all the costs associated with drilling the J03 well, and the company's only remaining cost related to this judgement are Ithaca Energy’s legal fees – which are estimated at more than £500,000.

In a separate statement today Ithaca said the Popplewell decision has backed its view of the issues: “The Court has confirmed Ithaca's position in concluding that the Jacky J03 well was drilled as a "Joint Operation" under the joint operating agreement. Accordingly, NSE remains obliged to contribute to the Jacky J03 well costs in accordance with its field equity (10%).
Advertisement
Latest news

Asset integrity expertise bought

British-based engineering expertise has been bought up by Norway's Aker Solutions to boost its integrity analysis for oil and gas assets.

[Les mer ] Company news

Sound signals big Italian gas

London-listed Sound Oil has logged a big new gas find in Italy.

[Les mer ] Exploration

Aker anchors new accommodation unit

A new offshore accommodation unit under construction in China is to be fitted with a mooring system supplied from Norway.

[Les mer ] Contracts

Big gas at Bianchi 1

Austria's OMV has reported a major new gas find while drilling offshore Australia following on from its earlier Zola discovery.

[Les mer ] Exploration

New drilling near Johan Castberg

Swedish explorer Lundin Petroleum has kicked off a new exploration well in the Norwegian sector of the Barents Sea.

[Les mer ] Exploration

Irish data acquisition underway

Seismic data acquisition has kicked off on a newly allocated Irish Frontier Exploration Licence.

[Les mer ] Exploration

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
GOODTECH PROJECTS & SERVICES AS Logo

GOODTECH PROJECTS & SERVICES AS

Goodtech Projects & Services har 75 ansatte i Bergen og kompetanse innen automasjon, kraftsystemer, og integrerte operasjoner. Vi har partneravtale med Siemens og Aspentech. Vår viktigste kunde er Statoil og prosjekt er Prosess data portal (PDP).

Se profil | offshorex.no
AKER SOLUTIONS AS Logo

AKER SOLUTIONS AS

Aker Solutions ASA is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry.

Se profil | offshorex.no
KVALE ADVOKATFIRMA DA Logo

KVALE ADVOKATFIRMA DA

Kvale is a top tier business law firm and has shown consistent organic growth since the establishment in 1988. The firm advises on all aspects of business law. Oil and gas has throughout the firm's history been a vital part of our activities. We advise major oil companies and other participants in the petroleum sector, and are recognized for our excellent understanding of the oil and gas business.

Se profil | offshorex.no
AIR LIQUIDE OFFSHORE AS Logo

AIR LIQUIDE OFFSHORE AS

Air Liquide er verdens største Industri gass selskap. Vi har mer enn 40000 ansatte world wide og er tilstede i alle store offshore hubs i verden.

Se profil | offshorex.no
ATLAS SERVICES GROUP NORWAY AS Logo

ATLAS SERVICES GROUP NORWAY AS

Atlas Services Group Norway AS is a subsidiary of Atlas Services Group B.V. A leading international company with nearly 30 years of experience in recruitment and staffing of specialists. We put consultants to work in the oil and gas, power, engineering, renewables, seismic and hydrographic, offshore, dredging and shipping industries. www.Atlas4Jobs.com contains over 300 000 CVs

Se profil | offshorex.no
PSSI AS Logo

PSSI AS

Focused on on-offshore with API pumps,filters,strainers,lub.systems. service - Rep.Mech.seals, couplings, coating, minimess equip.Rental pumps & filters.

Se profil | offshorex.no
Tips oss
Kontakt oss
Offshore.no AS
Annonsere
Ansvarlige
Sjefsredaktør: Erlend Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.
Copyright Offshore.no AS