Star strengthens gas storage position
Offshore staff
LONDON --Star Energy has exercised its options concerning a proposed gas storage project in the UK southern North Sea.
Under the agreements with EnCore Oil, Star will hold 50% operating interests in the decommissioned Esmond and Gordon fields which would be converted for this scheme. The fields are in blocks 43/13a, 43/15a, and 43/20a.
EnCore will retain a 75% interest in Forbes, another decommissioned gas field nearby, in block 43/8. The company is pursuing alternative options for Forbes.
12/05/2007