Stay Connected

Maersk farms into prospective North Sea Isabella acreage

Offshore staff

WOKING, UK – Valiant Causeway has agreed to a farm-out agreement with Maersk Oil on the Isabella prospect in the UK central North Sea. The structure extends over blocks 30/6b, 30/11a, and 30/12d in license P1820.

Isabella is a gas/condensate prospect on what Valiant claims is one of the largest undrilled fault blocks in the sector with prospectivity across multiple geological horizons.

Valiant’s well costs will be part-carried by Maersk subject to a cap on the promoted costs. In addition, Maersk will refund to Valiant certain historic costs associated with the license.

Subject to UK government approval, the P1820 partners will comprise operator Apache North Sea (50%), Maersk Oil North Sea (30%), and Valiant Causeway (20%).

3/14/2013

Related Articles

ConocoPhillips delivers first gas from North Sea Jasmine field

Nov 20, 2013

ConocoPhillips has started gas production from the Jasmine field in the UK central North Sea.

Dana Petroleum finds more gas in North Sea

Nov 19, 2013

Dana Petroleum has discovered gas in the Pharos field in the UK southern North Sea.

Trending News

Lundin completes Luno II appraisal well

Aug 29, 2014

Lundin Petroleum AB has completed appraisal well 16/4-8s in the Luno II project. 

Shell proposes drilling plan for Alaskan waters

Aug 29, 2014

Royal Dutch Shell resubmitted a draft plan to the Interior Department to explore for oil in the Alaskan Arctic.

Honeywell introduces software solutions to help boost offshore production

Aug 28, 2014

Honeywell Process Solutions has released Digital Suites for Oil and Gas.

Oil samples recovered in FAN-1 exploration well offshore Senegal

Aug 28, 2014

FAR Ltd has recovered oil samples from the FAN-1 exploration well being drilled offshore Senegal by FAR and its joint venture partners Cairn Energy PLC (operator), ConocoPhillips, and Petrosen.

Circle Oil updates drilling status offshore Tunisia

Aug 28, 2014

Circle Oil Plc has reported preliminary drilling results for the El Mediouni-1 (EMD-1) exploration well in the Mahdia permit, offshore Tunisia.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>