Endeavour to Acquire Additional Interest in UK Bacchus Development
Endeavour Energy UK Limited has signed an agreement to acquire an additional 20% working interest in the Bacchus development, increasing its stake to 30%. The Bacchus development is a three well subsea development tied-back to the Forties Alpha platform. The project, operated by Apache, has received field development approval and is expected to come online next year. Additionally, the company has also acquired a 30% interest in Block 21/9 containing the Val d'Isere exploration prospect, as part of the same transaction. The block is near the Forties and Bacchus developments. The Forties field is situated on the UK Block 21/10 in a water depth of 106 meters, 112 miles (180 kilometers) from Aberdeen.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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