Buccaneer Energy Limited today announced that its Cosmo # 1 well, offshore Alaska, spud at approximately midday EST on 13 May 2013 (Sydney) and is currently at 600’ drilling ahead. The Cosmopolitan Project (“Cosmo”) is located in 80’ feet of water approximately 30 miles to the north west of Homer. Cosmo is jointly owned with privately [...]
Buccaneer Energy Limited has announced that the Alaskan Oil and Gas Conservation Commission (“AOGCC”) has inspected and certified the Endeavour jack-up rig for operations within Alaskan state waters, this is the final certification required by the Endeavour to be able to commence drilling operations. The Company is currently preparing to spud the Cosmo # 1 [...]
Buccaneer Energy Limited (Buccaneer) announced that the Alaska Department of Environmental Conservation (ADEC) has approved the revised C-Plan, also referred to as the oil spill plan, for the Cosmopolitan (“Cosmo”) project. Additionally the Alaskan Oil and Gas Conservation Commission (“AOGCC”) has approved the drilling permit for the Cosmo # 1 well. The “Endeavour – Spirit [...]
April 16, 2013 | Posted in
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In respect to the suit filed by Archer Drilling, LLC following the termination of Archer Drilling as the project manager of the modifications and repairs of the “Endeavour – Spirit of Independence” jack- up rig, Buccaneer Energy has launched a counterclaim. The Endeavour is owned by Kenai Offshore Ventures, LLC , which is a joint [...]
Buccaneer Energy Limited has an update on the “Endeavour – Spirit of Independence” jack-up rig and Buccaneer’s offshore Alaskan projects in the Cook Inlet. The Endeavour is owned by Kenai Offshore Ventures, LLC (“Kenai Offshore”), which is a joint venture between Buccaneer, Singapore based Ezion Holdings Limited and the Alaska Industrial Development and Export Authority [...]
Buccaneer Energy has today announced that works on Endeavour jack-up rig are nearing completion and the Endeavour will soon be ready for operations. Prior to its acquisition in November 15, 2011, the Endeavour had been idle for several years, and Buccaneer and its venture partners, AIDEA and Ezion, deemed it necessary to complete extensive upgrades [...]
The jack-up rig “Endeavour” which on July 31 departed from Singapore aboard the Kang Sheng Kou heavy lift vessel arrived in Alaska on Friday, August 24. According to an e-mail sent to Offshore Energy Today by an employee of Archer Drilling, Buccaneer Energy’s jack up rig made it to Cook Inlet. Archer Drilling has been [...]
Buccaneer Energy Limited has, together with BlueCrest, executed the final closing documents with Pioneer Natural Resources Alaska, Inc. for the acquisition of the Cosmopolitan Project (“Cosmo”) in Alaska, USA. Cosmo is being jointly acquired with privately owned Fort Worth, Texas based BlueCrest acquiring a 75.0% working interest, with Buccaneer acquiring a 25.0% working interest and [...]
Buccaneer Energy Limited advised that it was acquiring an interest in the Cosmopolitan Project (“Cosmo”). Cosmo was being jointly acquired with privately owned Fort Worth, Texas based BlueCrest Energy II, LP (“BlueCrest”) acquiring a 75% working interest, with Buccaneer acquiring a 25.0% working interest and assuming operatorship of the project. The parties have mutually agreed [...]
April 3, 2012 | Posted in
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Buccaneer Energy Limited announced that two key permits have been granted for oil and gas exploration operations at the Southern Cross and Northwest Cook Inlet Units located offshore in the Cook Inlet, Alaska. The Alaskan Department of Natural Resources (DNR), Division of Oil and Gas, has approved the Buccaneer Alaska Operations, LLC Unit Plan of [...]
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