ENTEK awarded three GoM blocks

Offshore staff

PERTH, Australia -- The US Minerals and Management Service has awarded ENTEK three blocks in the Gulf of Mexico.

West Cameron block 517 (WC 517) is estimated to contain up to 42.8 bcf of proven, probable, possible, and prospective resources, the company says.

Galveston Area block 212 (GA 212) contains a discovery and an exploration prospect that contain reserves up to 4.2 MMbbl, the company says. The block has analogue oil production from adjacent blocks GA 189 and GA 190.

Galveston Area block 213 (GA 213) has an exploration prospect on the same structural trend as the adjacent GA 212 block and analogue production in blocks GA 189 and GA 190. It could contain reserves of up to 4.9 MMbbl.

ENTEK will now initiate independent certification of the proven, probable, and possible reserves on WC 517 and will conduct detailed studies on GA 212 and GA 213.

“WC 517 has proven reserves, only requires a single well development, and is within easy tie back to infrastructure, which allows us to proceed rapidly to production,” says Russell Brimage, CEO of ENTEK. “We expect that the block will easily attract an operator and partners and it is our intention to offer this opportunity to our preferred partners initially and in the near future.

11/12/2009