Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Valiant Farms out Isabella Prospect to Maersk

change text size

North Sea-focused Valiant Petroleum announced Friday that it has signed a farm-out deal with Maersk Oil North Sea UK that will see Valiant’s stake in the Isabella prospect reduce from 50 percent to 20 percent.

The Isabella prospect, which sits in the UK zone of the central North Sea in blocks 30/6b, 30/11a and 30/12d on production license 1820, is a gas condensate prospect. According to Valiant, the prospect is located on one of the largest undrilled fault blocks in the area and has prospectivity across a number of geological horizons.

Following the completion of the transaction the P1820 partners will be operator Apache North Sea (with a 50-percent stake), Valiant and Maersk Oil North Sea, which will have a 30-percent stake.

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Total Discovers Oil Offshore Ivory Coa... (Apr 17)
 -  Shell Finds Gas at Rosmari-1 Well in S... (Apr 17)
 -  Providence Offered Upgrade to its Newg... (Apr 17)
 -  Ezion Bags $79M Charter Contracts to S... (Apr 16)
 -  Stable North American Market Drives Re... (Apr 16)
Most Popular Articles
From the Career Center
Jobs that may interest you
Project Manager (Visium Risk)
Expertise: Project Management
Location: Houston, TX
 
Manager of Division Orders
Expertise: Landman, Lease Analyst
Location: Denver, CO
 
Project Director - Offshore Floating Prodcution Platforms
Expertise: Engineering Manager, Mechanical Engineering, Project Management
Location: Houston, TX
 
search for more jobs