North Sea Bagpuss partners enter into data deal

North Sea Energy has arranged a “Bottom Hole Contribution” agreement with Statoil and Premier Oil concerning the 13/25 A Bagpuss well in UK North Sea license P. 1943.

Offshore staff

TORONTO – North Sea Energy has arranged a “Bottom Hole Contribution” agreement with Statoil and Premier Oil concerning the 13/25 A Bagpuss well in UK North Sea license P. 1943.

Statoil will pay up to $260,000 for data recovered fromdrilling and up to $175,000 more for data from testing of the well under certain conditions.

North Sea Energy has a 15% stake in the license.

06/09/2016

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