Buccaneer Energy could begin drilling soon

KENAI (AP) — Buccaneer Energy could be firing up its jack-up rig in northern Cook Inlet waters this spring.

The jack-up rig, called the Endeavour-Spirit of Independence, has been idling at dock in Homer since late August.

Buccaneer Alaska President Jim Watt says drilling could begin possibly in February or March, and at the very least once the snow has melted this spring.

The Peninsula Clarion (http://is.gd/ZOE20O) reports that the company has had trouble with the rig. What was planned as a short-eight day stay in Homer before leaving to drill in northern Cook Inlet waters turned into a months with delays, repairs and permitting complications.

Watt said during his speech at a luncheon Friday to The Alliance in Kenai that the delays indicate Buccaneer's commitment to safety and protecting the environment.


Information from: Peninsula Clarion, http://www.peninsulaclarion.com

01/21/2013 - 6:16am