Buccaneer to Modify Cosmopolitan Oil Spill Clean-Up Plan

Buccaneer Energy Limited advises that the Alaskan Oil and Gas Conservation Commission (“AOGCC”) has determined that the proposed Cosmopolitan State # 2 well, which is planned to be drilled to 5,685’, could potentially penetrate formations that are capable of flowing oil.

Consequently, a major modification to the Company’s Offshore C-Plan will be required. A C-Plan is an oil spill clean-up plan.

A major modification to the current C-Plan can take up to an additional 120 days due to additional studies required as well as the requirement to give the public an opportunity to comment on the proposed changes. The Company has discussed the AOGCC decision with its Cosmopolitan joint venture partner, BlueCrest Energy Inc. (“BlueCrest”), and it is the intention of the joint venture to file an administrative appeal on the AOGCC decision.

Unless the decision is reversed on appeal or early drilling is allowed as an extension to the summer drilling season, offshore drilling operations in the Cook Inlet cannot commence until 15 April 2014, the anticipated start of the summer drilling season. The Endeavour jack-up rig will remain at Port Graham until that time.

Press Release, January 07, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply