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    market news

    Kosmos Energy Says Transocean Rig Damage May Delay Ghana Oil Drilling

    Investing News Network
    Jul. 07, 2011 10:58AM PST
    Oil and Gas Investing

    Bloomberg reports that Kosmos Energy Ltd. (NYSE:KOS) announced that damage to Transocean Ltd.’s (NYSE:RIG) Marianas rig may delay drilling of a well off Ghana’s coast.

    Bloomberg reports that Kosmos Energy Ltd. (NYSE:KOS) announced that damage to Transocean Ltd.’s (NYSE:RIG) Marianas rig may delay drilling of a well off Ghana’s coast.

    The market news is quoted as saying:

    Kosmos said it anticipates that either the Marianas or a substitute rig will be “available soon” to drill the Cedrela-1 well in the West Cape Three Points Block. Transocean, based in Vernier, Switzerland, reported yesterday it evacuated 108 of 121 workers on the rig after it took on water while preparing to leave an Eni SpA drilling site off Ghana.

    Click here to access the entire news

    market newsnyse:rig
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