RWE signs up for Handcross well offshore west of Shetland

Offshore staff

HAMBURG, Germany – RWE Dea has agreed to farm in to two licenses west of Shetland in the UK offshore far north, and will participate in a well on the Handcross prospect.

The company will take a 20% equity stake from Valiant Causeway in part of blocks 204/14c, 204/18b, and 204/19c covered by licenses P1631 and P1832. Valiant will retain operatorship.

Handcross is a large Palaeocene channelized fan prospect in the Judd basin, defined by clear far offset amplitude and AVO responses. It could hold in-place volumes of 115 MMboe.

The location is close to the Suilven and Tornado discoveries and 20 km (12.4 mi) from BP’s Quad 204 redevelopment. The partners have secured a firm slot on the Stena Carron drillship to drill the well, probably this fall.

Following completion of the transaction, and assuming UK government approval, the Handcross partners will be Valiant (70%, operator), RWE Dea (20%), and Sussex Energy (10%).

4/1/2013

Related Articles

BSEE solicits oil spill response research projects

Jan 16, 2015

The Bureau of Safety and Environmental Enforcement (BSEE) is soliciting proposals for oil spill response research projects and will invest up to $6 million to support these projects in 2015.

New year offers opportunity for political leadership on energy

Jan 15, 2015

After a year of seemingly endless political gridlock on the energy front, we at the National Ocean Industries Association are hopeful that 2015 will bring actual results, not just rhetoric.

Seismic bids under review for deepwater block offshore Egypt

Jan 15, 2015

Petroceltic and partner Edison plan to acquire seismic data this year over their recently awarded North Thekah block in the deepwater Mediterranean Sea offshore Egypt. 

Noreco reduces stake on Danish license

Jan 15, 2015

Norwegian Energy Co. (Noreco) has reduced its ownership in license 9/95 on the Danish continental shelf from 20.1% to 16%.

Trio wins West Teal block in UK North Sea

Jan 15, 2015

Britain’s government has awarded a further block to PA Resources and partners First Oil and Gas and Dyas UK under the UK’s 28th Seaward Licensing Round.

Trending News

Husky planning multi-field development in Indonesia’s Madura Strait

Jul 30, 2015

Construction of a wellhead platform and pipeline infrastructure for the liquids-rich BD field offshore Indonesia is around 45% complete, says operator Husky Energy.

Subsea 7 to install West Nile Delta subsea spread

Jul 30, 2015

BP has awarded Subsea 7 a $500-million contract for the subsea development of the Taurus and Libra fields offshore Egypt.

Shell cuts near-term spending, looks to BG merger for longer-term improvements

Jul 30, 2015

Shell is looking toward the BG Group merger for future progress while cutting spending in the near term in response to oil price declines.

Murphy proves gas at Permai offshore Sabah

Jul 30, 2015

Murphy has discovered gas in the Permai structure in block 10 in the deepwater Sabah Delta basin offshore Sabah, Malaysia.

TGS finishes 3D seismic campaign offshore South Australia

Jul 30, 2015

TGS has completed the second phase of its Nerites 3D seismic survey in the Great Australian Bight offshore South Australia.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>