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
Olympus Norge AS Logo

Olympus Norge AS

Olympus Industri tilbyr kundene omfattende fjernbetjent visuel inspeksjon, høyhastighedsvideo og ultralyds- og hvirvelstrøms-non-destruktive testløsninger.

Se profil | offshorex.no
GDF SUEZ E&P NORGE AS Logo

GDF SUEZ E&P NORGE AS

Vår organisasjon består av åtte avdelinger: Helse, Miljø, Sikkerhet og Kvalitet Personal og organisasjon Kommunikasjon Økonomi og administrasjon Gass og salg Ressurser Leting Drift

Se profil | offshorex.no
BSAFE SYSTEMS AS Logo

BSAFE SYSTEMS AS

Norges eneste premium forhandler av Lighthouse skilt og etikettsystemer samt distributør av Master Lock safety series - sikkerhetsutstyr til bruk under service og vedlikehold av maskiner og utstyr.

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
ACHILLES AS Logo

ACHILLES AS

Achilles kjernekompetanse er å identifisere, kvalifisere, valuere og overvåke leverandører og underleverandører på vegne av våre oppdragsgivere verden over.

Se profil | offshorex.no
BERGEN GROUP SERVICES AS Logo

BERGEN GROUP SERVICES AS

Bergen Group Services is a strong services partner with multidisciplinary experience, competence and knowledge. The facilities are in central Bergen, our services are also provided on site. We carry out most offshore and vessel maintenance, repairs, modifications and overhaul. In addition we do diesel engines with our own engine test centre, including other rotating machinery. We also design, prefabricate and install steel and piping structures, machining and welding.

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