Press Release - June 2008
Firstdrill Completes Project Management of major new caspian discovery
Firstdrill Ltd (“Firstdrill”), the truly independent global drilling project management company, is pleased to announce that it has successfully completed the full project management of the exploration well, Centralnaya-1, which has yielded a major new oil and gas discovery in the Caspian Sea. The well, which is in water depths of approximately 456 metres, produced a commercial open flow of sweet crude during testing. Firstdrill is contracted by the operator TsentrKaspneftagas ( a joint venture between OAO Lukoil and OAO Gazprom), to provide full project management services for the well.
The Firstdrill project managed well, Centralnaya-1, is located in the Russian sector of the Caspian Sea and was drilled to a total vertical depth of 4227 metres using the Maersk Explorer Semisubmersible Drilling Rig. The well is on the Tsentrainaya structure and is the first exploration well drilled on the licence area.
Firstdrill’s services for the successful exploration well included pre-planning, contracting of drilling services, material purchases, and the development of the drilling programme, including the establishment of the logistics functions and the execution of the well with rig site supervisors and geologists offshore. The operations also included the successful tests on the newly discovered reservoir.
Commenting on Firstdrill’s involvement in this important oil and gas condensate field, Peter Redman, Managing Director, said:
“We are excited to have been able to play such an important role in a major new Caspian discovery. The success of our full project management service for this well is a continuing demonstration of Firstdrill’s long track record of successful project management, as well as the outstanding capabilities and experience of the Company and our teams, which we intend to reproduce in the other domestic and international projects in which we are currently involved.”
Enquiries:
Lisa J N Pope MCIPR MIRS
Newman Consulting
Tel: +44(0)1252 878682
Notes to Editors:
Firstdrill Ltd is a truly independent global drilling project management company with proven international expertise. Founded in 1996, and based in the United Kingdom, the Company has provided international and domestic project management, well engineering and operational logistics to some of the World’s leading oil and gas exploration companies. The Company’s management team and in-house technical teams have decades of industry experience across the entire range of global project management and engineering services for the industry.
Firstdrill has dedicated skilled in-house technical expertise, allowing senior-level service and continuity of contact throughout a project. The Company is fully committed to meeting its client needs with a strong record of client cost-savings and on-time and on-cost delivery at the highest standard of environmental control. The Company has proven its global expertise through successful project management throughout Europe, the Middle East, Africa, South Asia and beyond.”
