Search results for: Rocksource

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  • 10 December 2014

    EPSI AS, a company managed by HitecVision, has launched a takeover offer for Norwegian oil company Rocksource. According to a Rocksource filing to the Oslo Exchange,  EPSI has launched a mandatory offer to acquire all the issued and outstanding shares in Rocksource at a price of NOK 6.00 per share. Based on 98,371,500 issued shares in […]

  • 24 May 2012

    The Norwegian Ministry of Petroleum and Energy has approved the asset transaction between Rocksoruce and Valiant Petroleum (Valiant). The asset transaction, announced in March, includes sale of a 13 per cent interest in the Norvarg discovery, leaving a 7 per cent interest with Rocksource, and an average reduction of about 50 per cent in the […]

  • 10 January 2014

    Norway’s Rocksource ASA has received a legal notice from Oil and Natural Gas Corporation of India (ONGC) invoking arbitration related to disputes over historical costs in the CY-DWN-2001/1 Production Sharing Contract (PSC) offshore India.   Rocksource said it was evaluating its response but added that the company’s view was that Rocksource is not liable for any […]

  • 27 July 2011
    Business & Finance

      Rocksource ASA (“Rocksource”), announces the completion of drilling operations on the Kora-1 well in the AGC Profond Production Sharing Contract (PSC)*. Final wireline logging is now being carried out and the well will be plugged and abandoned as an unsuccessful exploration well.. Kora-1 was a frontier exploration well drilled by the Maersk Deliverer drillship […]

  • 11 July 2014
    Business & Finance, Operations & Maintenance

    Rocksource ASA has discovered oil in the Bue exploration well. This marks the third successful well on the PL 586 licence following the Pil discovery and appraisal wells earlier this year. Rocksource currently estimates that Pil and Bue combined have reserves of 95-175 mmboe. The unrisked prospectivity remaining in the rest of the licence is estimated […]

  • 11 August 2008

    Rocksource has joined up with a five-strong consortium giving it access to rig capacity for drilling exploration wells on the Norwegian Continental Shelf. Rocksource and the other companies have struck a deal to use the semisubmersible drilling rig Borgland Dolphin. The contract is worth around US $602 million over three years and Rocksource has secured […]

  • 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 […]

  • 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 […]

  • 16 December 2010

    Rocksource and co have set a time for drilling in PL559. Semi-submersible Borgland Dolphin will drill an exploration well in the fourth quarter of 2011, Rocksource states.

  • 11 July 2014

    Rocksource ASA has announced another oil discovery with the success of the Bue exploration well, in the Norwegian Sea. This marks the third successful well on the PL 586 licence following the VNG-operated Pil discovery and appraisal wells earlier this year. Rocksource currently estimates that Pil and Bue combined have reserves of 95-175 mmboe. The […]

  • 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: […]

  • 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 […]

  • 27 July 2011
    Business & Finance

      Rocksource ASA has announced the drilling results from three of its five, 2011 exploration wells. Initial results show one discovery (Norvarg) and two dry holes at wells drilled to test unproven petroleum systems (Breiflabb and Kora). Wells four and five in the 2011 programme are expected to spud in September. Norvarg In June Rocksource […]

  • 11 April 2013

    Rocksource has announced that drilling of the Storbarden well in PL 506S in the Norwegian sector of the North Sea has started. This marks the return to drilling for Rocksource, and the first of five wells that the Company currently has lined up for drilling over the next two years. Storbarden has been evaluated by Rocksource as a high risk/high reward […]

  • 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 […]

  • 11 June 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Ross Offshore AS has announced a contract award with Rocksource Exploration Norway AS. The frame contract is for well management and Consultancy Services.  Contract term is 7 years; 3 years firm and with two possible extensions of two years each. The Contract was effective as of June the 6th 2014. Ross Offshore will start providing services […]

  • 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), […]

  • 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 […]

  • 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 […]

  • 11 June 2014
    Equipment

    Ross Offshore AS today announces a contract award with Rocksource Exploration Norway AS (REN). The frame contract is for well management and Consultancy Services. The contract term is 7 years; 3 years firm and with two possible extensions of two years each. The contract was effective as of June the 6th 2014. Ross Offshore will start […]

  • 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 […]