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

Norwegian license winners outline prospects, work plans

Jan 22, 2015

Statoil has issued details of its new licenses under Norway’s Awards in Predefined Areas 2014 (APA 2014) Round.

UK offshore sector could be hit by further tax charge

Jan 22, 2015

Accountancy/shipping advisory specialist Moore Stephens claims companies in the offshore maritime sector could be affected by the UK’s proposed 25% Diverted Profits Tax (DPT) charge.

Norway opens new area of Barents Sea for license bids

Jan 22, 2015

The Norwegian Ministry of Petroleum and Energy has made available 57 blocks and part-blocks under Norway’s 23rd licensing round.

Maersk Interceptor starts drilling at Ivar Aasen

Jan 22, 2015

The jackup Maersk Interceptor has started a three-year development program on the Ivar Aasen field in the Norwegian North Sea.

Faroe lines up four wells offshore Norway

Jan 22, 2015

Faroe Petroleum has outlined its 2015 drilling schedule offshore Norway.

Trending News

Shell’s Arctic exploration to begin in late July

Jun 30, 2015

Royal Dutch Shell said it could begin its 2015 Arctic oil exploration drilling as early as the third week in July, Reuters reported. Forecasters predict that the sea ice over its prospects will begin to clear during that time.

Development drilling to accelerate at South Pars Phase 13

Jun 30, 2015

Drilling is expected to speed up at Phase 13 of the South Pars gas field development in the Persian Gulf following delivery of three new drilling rigs.

Samsung to construct Johan Sverdrup process, riser decks

Jun 30, 2015

Statoil has contracted Samsung to build the decks for the process and riser platforms for the Johan Sverdrup field in the central Norwegian North Sea.

Subsea cables deliver power to offshore Safaniya upgrade project

Jun 30, 2015

Saudi Aramco has connected a 230-kV, 46-km (28.6-mi) submarine composite cable to the TP-20 tie-in platform offshore Saudi Arabia.

Technip to engineer deepwater Libra FPSO topsides

Jun 30, 2015

Jurong Shipyard has awarded Technip a detailed engineering and procurement services contract for the Libra field FPSO topsides in the Santos basin offshore Brazil.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>