CGX Awards Drilling Contract for Offshore Eagle Well; Down Nearly 2%

By Staff,

Shutterstock photo

CGX Energy Inc. (OYL.V) announced that it has awarded a drilling contract to a subsidiary of Diamond Offshore Drilling Inc. ( DO ) for the Ocean Saratoga semi-submersible drilling rig to drill the Eagle-1 well on the company's 100% owned and operated Corentyne Petroleum Prospecting License, offshore Guyana. The Ocean Saratoga is currently performing a work-over in the Gulf of Mexico and will soon be available to drill the company's Eagle-1 well. CGX is in discussions with Government of Guyana officials regarding timing for drilling. An announcement on mobilization and drill timing will be announced in a separate press release.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: DO

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by