The jack-up rig “Endeavour” which on July 31 departed from Singapore aboard the Kang Sheng Kou heavy lift vessel is scheduled to arrive to Alaska on Friday, August 24. On arrival the rig will be offloaded and towed to the Buccaneer Energy’s North West Cook Inlet project to start drilling the first well of Buccaneer’s [...]
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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Escopeta Oil Company LLC, a Houston-based independent, has discovered what it estimates to be 3.5 trillion cubic feet (99 billion cubic metres) of natural gas at a prospect in southern Alaska’s Cook Inlet, a company official said on Saturday. The estimate is based on results of a single well and represents in-place reserves, not recoverable [...]
Buccaneer Energy Limited announced that it has incorporated a wholly owned subsidiary Buccaneer Alaska Drilling, LLC (“Buccaneer Drilling”). Subsequently, Buccaneer Drilling incorporated a wholly owned subsidiary Kenai Offshore Ventures, LLC (“Kenai Offshore”). It is the intention that Buccaneer Drilling and its wholly owned subsidiary Kenai Offshore will be the Company’s corporate entities that will acquire [...]
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Buccaneer Energy Limited provides the following update on its offshore operations in the Cook Inlet, Alaska that is conducted through its wholly owned subsidiary Buccaneer Alaska, LLC. North Middle Ground Shoal (NMGS) The NMGS field is in approximately 30′ of water with no unusual technical hurdles to drill and develop reserves. The NMGS field is [...]