Buccaneer Deadline This Week

Wednesday is officially the deadline for Bucaneer to pull its jack-up rig out of Homer. Homer City Manager Walt Wrede said that the oil company seems to be on track…


Wrede: “We’re replacing all the fenders there, which will make it easier and safer for big vessels to dock there and moor there, so that’s not work that can be done with a drill rig at the dock.”


The next step is for the rig to move to…


Wrede: “The Cosmopolitan site, where they hope to put down their legs and complete their remaining repairs and start drilling this spring.”


Wrede said it’s been a surprise to everyone involved that the rig has stayed so much longer than the¬†original eight-day pit stop.

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