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 Handcross Prospect

change text size

North Sea-focused Valiant Petroleum announced Thursday that it is farming out 20-percent of its Handcross project to Germany's RWE Dea.

The Handcross prospect is located west of Shetland on licenses P1631 (Block 204/18b) and P1832 (Blocks 204/14c and 204/19c). It is a large Palaeocene, channelized fan prospect that is close to the Suilven and Tornado discoveries and around 13 miles from BP's Quad 204 redevelopment.

The Handcross exploration well is scheduled to be drilled during the fourth quarter of this year by the Stena Carron drillship.

Following the completion of the transaction the Handcross partners will be: Valiant, as operator with a 70-percent stake; RWE Dea, with 20 percent; and Sussex Energy, with 10 percent.
 

 



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
 -  Shell Hits Gas in Pre-Salt Reservoir, ... (Oct 22)
 -  BP Awards FEED Contracts for Tangguh E... (Oct 22)
 -  Nordic Energy Strengths its Board with... (Oct 22)
 -  Lakes Oil Bags 2 Offshore Exploration ... (Oct 21)
 -  Statoil Finds up to 80M Barrels of Oil... (Oct 21)
Most Popular Articles
From the Career Center
Jobs that may interest you
Marine Section Leader
Expertise: Rig Mover
Location: Congo
 
Barge Master
Expertise: Barge Engineer, Barge Master
Location: International
 
Barge Engineer
Expertise: Barge Engineer
Location: Confidential
 
search for more jobs