Press Esc to close

WorldOil

World Oil News Center



SSE completes acquisition of Sean gas field stake from BP for $180.5 million

BY ED BALLARD

LONDON -- SSE said that it completed the acquisition from BP of a 50% working interest in the Sean gas field in the Southern North Sea, paying $180.5 million cash, and added that the total net proven and probable reserves to SSE are expected to be 1.1 billion therms over the life of the field.

Cash value reflects based on an effective economic date of January 2012, less the value of the gas produced between January 2012 and completion. The company said that it sees the possibility of additional resource through infill drilling.

SSE E&P' s total portfolio of assets now represents approximately 3 billion therms of proven and probable reserves. SSE is seeking new opportunities to increase presence in the upstream gas sector.

Dow Jones Newswires

04/14/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events