Bridge Energy farms down interest in UK North Sea Aragon license

1/4/2013

Bridge Energy farms down interest in UK North Sea Aragon license

LONDON -- Bridge Energy has completed an agreement with Agora Oil & Gas, 100% owned by Cairn Energy, and JX Nippon Exploration & Production for the farm-down of a 16.5% working interest in the P1763 Aragon prospect in the UK northern North Sea.

As a result of the transaction, all parties have agreed to participate in drilling a well to test the Aragon prospect prior to Q1 2015. Subject to transaction approval from the UK Department of Energy and Climate Change, Bridge will then hold a revised interest of 13.5%, with operator MPX North Sea at 22.5%, Agora Oil & Gas 30%, JX Nippon Exploration & Production 25% and Sorgenia E&P 9%.

Related News ///

FROM THE ARCHIVE ///

Comments ///

comments powered by Disqus