Monday, December 15, 2008

Oil & Gas - Argentina - Minister: Enarsa, YPF, Enap to spud offshore well December 20

Argentina's state energy company Enarsa, its Chilean counterpart Enap and Argentine oil company YPF on December 20 will spud a well off the Atlantic cost of Santa Cruz department, Argentina's planning minister Julio De Vido said.


The Ocean Scepter offshore rig is steaming to the project location, which it will start drilling within two weeks, an Enarsa official said when asked to provide details. The rig will drill the Helix E2.x-1 exploratory well in the ENARSA-2 area.

Drilling will run an estimated 30 days and reach total depths of 1,600m.

The Ocean Scepter, operated by Diamond Offshore Drilling and built by Keppel AmFELS, was mobilized to Argentina on August 20.

Diamond has signed a 300-day term contract through July 2009 for the platform. The day rate is around US$190,000, according to a rig status report posted on Diamond's website.

In addition, Enarsa and GXT have tasked the Geo Searcher seismic vessel, from Norway, to carry out the final stage of the regional 2D seismic program.

Depending on weather conditions, work could wrap up in the first quarter of 2009.

The work is part of Argentina's strategy to tap into its offshore potential.



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