FTSE 250-listed upstream oil and gas resource operator Ophir Energy and FTSE 100-listed BG Group have extended the Deepsea Metro I drillship contract for a further 18 months to facilitate continuous drilling in Tanzania and Kenya.
In an operational update issued on Thursday, Ophir Energy reported that it had secured a drilling rig and executed a letter of agreement for a rig share assignment with BG Group for the continuation of its 2013-2014 East African offshore drilling programme.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
