Buccaneer files $30M counterclaim over delays

Mar 24, 2013 -- 11:00am


- HOMER, Alaska (AP) - Buccaneer Drilling has filed a $30 million counterclaim to a drilling company's lawsuit, saying misrepresentations, misconduct and delays led to a loss of revenue.  What was planned as a short-eight day stay in Homer before leaving to drill in northern Cook Inlet waters has turned into a months-long delay. During that period, Buccaneer and the company hired to prepare and operate the $100 million rig, Archer Drilling, parted ways, and a series of lawsuits followed. The 400-foot-tall jack-up rig, one of the largest such rigs in the world, arrived from Singapore in August. The plan was for the rig to stay a week or two before heading north to drill near Tyonek. But a series of problems has since dogged the rig and causing Buccaneer to miss a drilling window. 

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