Valiant Farms out Isabella Prospect to Maersk

Printer Friendly Version
Email this Page

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

Printer Friendly Version
Email this Page

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  First Production Flows at Bukit Tua Fi... (May 22)
 -  BG Group, Prosafe Agree New Program fo... (May 22)
 -  Mosman Hits Stumbling Block at Petrole... (May 22)
 -  Statoil Comes up Dry at 2 Norwegian Se... (May 22)
 -  Unite Joins GMB in Calling for North S... (May 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Regional Sales Lead
Expertise: Business Development|Sales & Marketing
Location: Houston, TX
 
Pipelay Project Mobilization/Demobilization Engineer
Expertise: Heavy Lift / Pipelay|Project Engineer|Project Management
Location: Houston, TX
 
Vice President of Sales
Expertise: Executive|Sales & Marketing
Location: MS
 
search for more jobs

Brent Crude Oil : $65.37/BBL 1.75%
Light Crude Oil : $59.72/BBL 1.64%
Natural Gas : $2.89/MMBtu 2.03%
Updated in last 24 hours