Press Esc to close

WorldOil

World Oil News Center



Valiant agrees Isabella farm-out pact with Maersk Oil

BY IAN WALKER

LONDON -- Valiant Petroleum, said its wholly owned subsidiary Valiant Causeway has signed a farm-out agreement with Maersk Oil North Sea over its Isabella prospect located in the United Kingdom Central North Sea Blocks 30/6b, 30/11a & 30/12d.

Under the agreement, Valiant' s well costs will be partially carried by Maersk Oil subject to a capital on the promoted costs.Maersk Oil will also refund to Valiant certain historic costs associated with the license at its working interest.

Following completion, Valiant' s stake will reduce to 20% from its current 50% interest. Transaction remains subject to DECC consent. Following completion of the transaction, the P1820 partners will be Apache North Sea 50% operator, Maersk Oil North Sea 30% and Valiant Causeway 20%.

Dow Jones Newswires

03/10/2013

 

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