Search results for: Rocksource ASA

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  • 28 June 2011
    Business & Finance

    Rocksource ASA  announced today that drilling of the Kora-1 well has commenced on the AGC Profond PSC, offshore Senegal and Guinea Bissau. The AGC Profond PSC covers the deepwater area (9,838 sqkm) that is jointly administered by Senegal and Guinea Bissau. The AGC Profond PSC partnership consists of Ophir Energy plc (Operator, 44.2 per cent), […]

  • 27 May 2015
    Business & Finance

    HitecVision reported that the voluntary offer made by its portfolio company EPSI for all shares in Norwegian oil company Rocksource ASA has ended on May 26, 2015. EPSI launched its takeover offer in December 2014 valuing Rocksource at NOK 590 million. At the end of the offer, EPSI has received acceptances to purchase approximately 7.3% of […]

  • 20 July 2010

    Norway’s Rocksource ASA said today that the newbuild Maersk Deliverer rig has been fixed to drill a first well targeting a potential 400 million barrel prospect offshore West Africa. Rocksource said the rig is due to arrive on location in the first quarter next year to drill the first well in the AGC Profond Production […]

  • 8 September 2011
    Business & Finance

    Rocksource ASA  announced today that the drilling rig “Borgland Dolphin” has commenced drilling on the “Phoenix” prospect in PL 559 in the Norwegian Sea. Phoenix is interpreted as an extension of the nearby Linerle discovery with a shared Oil Water Contact (OWC) The PL 559 partnership consists of Rocksource (Operator and 60 per cent working interest), VNG […]

  • 18 July 2011
    Research & Development

    Rocksource ASA  announced today that the drilling rig “Borgland Dolphin” is in the process of completing drilling operations on the “Breiflabb” prospect, in licence PL 416 in the Norwegian part of the North Sea. The well did not encounter hydrocarbons. The well will be further reviewed in the upcoming quarterly presentation on August 17th. The […]

  • 18 July 2011
    Business & Finance

    Rocksource ASA  announced today that the drilling rig “Borgland Dolphin” is in the process of completing drilling operations on the “Breiflabb” prospect, in licence PL 416 in the Norwegian part of the North Sea. The well did not encounter hydrocarbons. The well will be further reviewed in the upcoming quarterly presentation on August 17th. The […]

  • 31 August 2011
    Business & Finance

    The Norwegian Petroleum Directorate has granted Rocksource ASA a drilling permit for wellbore 6608/11-7 S, cf. Section 8 of the Resource Management Regulations. Well 6608/11-7 S will be drilled from the Borgland Dolphin drilling facility in position 66°14’01.32” north and 8°30’47.34” east after completing the drilling of wildcat well 6407/5-2 S for OMV Norge AS […]

  • 12 September 2012
    Business & Finance

    Rocksource ASA announces that the Company has entered into a farm-in agreement for a 15 per cent stake in a Production License in the Norwegian Sea. The license partnership is expected to take a drill or drop decision later this fall. If a positive drill decision is reached, an exploration well could be drilled in […]

  • 1 June 2015
    Business & Finance

    Rocksource ASA and its Chief Executive Officer (CEO) Terje Arnesen have mutually agreed that  Arnesen will step down as CEO with effect from June 1, 2015, Rocksource said.  The company has also agreed with Hans Petter Klohs that the services provided under the consultancy agreement for the CFO position will end as of August 31, 2015. “The Board […]

  • 12 June 2014

    Rocksource ASA has announced that drilling of the Bue sidetrack well, 6406/12-3A, to the North of the Pil discovery in PL 586 has started. The Bue sidetrack follows the successful appraisal well on the Pil discovery. The results from the appraisal well led Rocksource to update its resource estimate for Pil to a range of 90 […]

  • 20 February 2013
    Business & Finance, Project & Tenders

    Rocksource ASA has received consent to carry out exploration drilling of well 26/5-1 with the Borgland Dolphin semi submersible drilling rig. Well 26/5-1 will be drilled in production licence 506 S in the North Sea. Rocksource is the operator, and Petoro, Petrolia Norway and Valiant are the other licensees. The prospect being explored is called […]

  • 26 September 2011
    Business & Finance, Project & Tenders

    Rocksource ASA announced today that the drilling rig “Borgland Dolphin” is in the process of completing operations on the “Phoenix” prospect in PL 559 in the Norwegian Sea. The well has encountered reservoir sands in the Jurassic upper Åre formation, the lower Åre formation, the Grey Beds and in the upper part of the Triassic […]

  • 12 June 2014
    Business & Finance, Operations & Maintenance

    Rocksource ASA has announced that drilling of the Bue sidetrack well, 6406/12-3A, to the North of the Pil discovery in PL 586 has begun. The Bue sidetrack follows the successful appraisal well on the Pil discovery. The results from the appraisal well led Rocksource to update its resource estimate for Pil to a range of […]

  • 24 May 2012
    Business & Finance

    Rocksource, a Norwegian oil and gas company focused on exploration has announced that the partnership in PL 506S, BS and CS on the Norwegian Continental Shelf has decided to drill an exploration well in the first half of 2013. The well will test a high risk / high potential prospect in the Stord basin in […]

  • 8 July 2013
    Business & Finance, Project & Tenders

    Rocksource ASA announces that the Group has signed an agreement with Explora Petroleum AS in which Explora will acquire a 10 per cent interest in Production Licence 559 in the Norwegian Sea. Further, Explora has an option to acquire an additional 30 per cent interest prior to a potential future drill decision. PL 559 is […]

  • 6 September 2011
    Business & Finance

    Rocksource ASA (Rocksource) has received consent to carry out exploration drilling of well 6608/11-7S in the Norwegian Sea with the Borgland Dolphin mobile facility.  The well will be drilled in production licence 559, with Rocksource as the operator (60%). The other licensees are VNG (30%) and Skagen44 AS (10%). The well is located in the […]

  • 28 April 2014
    Business & Finance, Project & Tenders

    Rocksource ASA has announced that drilling of the Pil sidetrack well, 6406/12-3 B, in PL 586 has started. The preliminary estimate by the Operator VNG Norge AS for the size of the Pil discovery is between 8 and 27 million Sm3 recoverable oil equivalent (50 to 170 million barrels oil equivalent). The discovery well (6406/12-3 S) […]

  • 1 August 2014
    Business & Finance

    The Directors of Rocksource ASA have announced the appointment of Terje Arnesen as the Company’s new Chief Executive Officer. He will succeed Chris Spencer on 1 November 2014.  Currently, Arnesen is engaged as CEO of Scana Propulsion AS on a temporary basis. Previously, he has held positions as CEO of Bergen Group ASA, CEO of Bennex Group […]

  • 20 March 2012
    Business & Finance

    Valiant Petroleum plc has entered into an Asset Purchase Agreement with Rocksource ASA (“Rocksource”) to take stakes in substantially all of Rocksource’s licenses on the Norwegian Continental Shelf (“NCS”) for a total post-tax effect consideration of NOK 104 million (18.13 million U.S. dollars) The Transaction will add to Valiant’s existing acreage position in Norway including: […]

  • 29 April 2014
    Business & Finance

    P/F Atlantic Petroleum has decided to acquire 15% participating interest in PL528/PL528B licences in the Norwegian Sea from Rocksource ASA.

  • 6 March 2014

    Rocksource ASA has announced an oil and gas discovery in the VNG-operated Pil prospect in PL 586 in the Norwegian Sea. Rocksource’s preliminary volumetric estimates indicate recoverable resources above the estimated pre-drill range of 20-50 million barrels of oil equivalent. CEO Chris Spencer said: “We are very pleased with results so far from the Pil well. The […]

  • 17 April 2011
    Business & Finance

      North Energy ASA has been awarded a license in the 21st Licensing Round on the Norwegian Continental Shelf (NCS) announced by the Ministry of Petroleum and Energy on the 15th of April, 2011. The license is located in the Norwegian Sea just south of Lofoten (Nordland 6) and just northeast of two of North […]