Northern Petroleum Plc announced that GM-ES-4, the third well of the current four well exploration program in the Guyane Maritime Permit (French Guiana) has been spud by Shell as Operator May 3.
Northern through holding 50 per cent of Northpet Investments Limited, owns a net 1.25 per cent interest in the offshore exploration license Guyane Maritime. Northern is in partnership with Shell (Operator, holding 45 percent), Total (25 percent), Tullow Oil (27.5 percent) and Wessex Exploration (also holding 1.25 percent through owning the remaining 50 percent interest in Northpet Investment Limited).
"This is a new, exciting opportunity for the joint venture to further establish the oil production potential in French Guiana. We look forward to the results of this well with great interest," Chief Operating Officer of Northern Keith Bush stated.
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