Relevant Articles

• November 2011
  • Second jack-up rig to explore in Cook Inlet by next April
  • Buccaneer Energy Acquires Transocean Rig For Cook Inlet Project
  • Buccaneer Energy aquires jackup for $68.5 Million
  • Buccaneer closes on jack-up rig bound for Cook Inlet
  • Endeavour, the Spirit of Independence Coming in 2012
    Buccaneer Energy and KOV Alaska would like to thank Ed Marker and Erik Lindow for providing the winning name. Our first runner up was Brendon Williams who provided the name Resolution.
    
  
  
  • 410 feet jack-up legs: This comes into play when looking for a rig that is safe and versatile, comfortable in as shallow as 18 feet, but able to access some of the most promising prospects at closer to 300 feet deep.
  • Advanced BOP and Safety Systems: AR1 has two BOP stacks rated at 10,000 and 15,000 psi, which exceeds typical pressures for the Inlet.
  • 4 Cranes: Allowing AR1 to quickly load and move equipment.
  • Excellent Riser Tensioning System: Helping AR1 to avoid damage in the strong currents of the Cook Inlet and surrounding area.
  • Clean Safety Record: The previous owner of the rig is one of the largest rig operators in the world and has verified that the rig has been well maintained and operated.
  • -10 degree steel rating: AR1 rig has the required American Bureau of Shipping (ABS) certification for use in the North Sea.
  • High Variable Deck Load (exceeding 8,800,000 pounds): Ensures that all the needed equipment can be maintained on board, even when weather or other logistics may limit supply boat access.
  • Cantilever Capabilities: The AR1 can also be used over existing platforms for workovers and perform plug and abandon operations.
  • North Sea Experience: The North Sea has ice flows and strong currents that are similar to those found in the Cook Inlet and other offshore areas in Alaska.
• October 2011
  • Rig gets a new name
  • Buccaneer Energy and the Kenai Chamber of Commerce Announce the Winner of the “Name the Rig” Contest
  • Buccaneer Energy and the Kenai Chamber of Commerce Announce the Winner of the “Name the Rig” Contest
• September 2011
• Name the Rig Radio Spot 1
• Name the Rig Radio Spot 2
• Name the Rig Contest from Buccaner Energy
• Kenai Offshore to buy GSF Adriatic XI jackup from Transocean
• Kenai Offshore acquires jack-up rig to move to Alaska's Cook Inlet
• Buccaneer Energy to acquire a Transocean rig for drilling in Alaska
• Buccaneer buys jackup GSF Adriatic XI for Alaska work
• August 2011
  • Buccaneer Energy Agrees to Buy Transocean Rig for $68.5 Million
  • ASX Release (PDF)
• April 2011
  • NOAA Designates Critical Habitat for Cook Inlet Beluga Whale
  • New Deal to Bring Drilling into Cook Inlet
• March 2011
  • AIDEA Executive Director seeks Board approval for Rig Agreement (PDF)
  • Bringing a "Big Rig" to Alaska
• February 2011
  • AIDEA close to investing in rig
  • Buccaneer makes headway in rig acquisition
  • Buccaneer Seeks Alaska Partner
• January 2011
  • Buccaneer sees NW Cook Inlet potential
• November 2010
  • AIDEA potential rig investment
  • The Explorers: Buccaneer Alasaka
  • State Gives Nod to Finance Rig
• September 2010
  • Buccaneer Acquires Additional Interest
• August 2010
  • Buccaneer Gains Control of Alaska Acreage