Maersk Set to Play with Bagpuss and Blofeld

North Sea Energy announced Friday that Maersk Oil has agreed to farm into the Bagpuss and Blofeld prospects in the UK North Sea.

The deal sees Maersk acquire a 25-percent working interest in blocks 13/24c and 13/25 which contain the prospects within UK offshore license P.1943. In return it will carry 100 percent of North Sea Energy's forward costs, drill the initial Bagpuss prospect exploration well and pay some costs already incurred by North Sea Energy.

The prospects are located on the Halibut Horst, which is described by North Sea Energy as a well-defined basement high within the Moray Firth in the North Sea.

"We are very excited to have successfully farmed-out the Bagpuss prospect to a world-class partner in Maersk Oil for the initial exploration and appraisal of the prospect," North Sea Energy CEO Craig Anderson.

North Sea Energy will retain a 15-percent working interest in blocks 13/24c and 13/25.

 



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
 -  OTC 2016: Get To Know Houston Like An ... (Apr 29)
 -  OTC 2016: Want to Drink Like A Local? ... (Apr 29)
 -  Five Things to Do at OTC 2016 (Apr 29)
 -  CNOOC's 1Q 2016 Revenue Falls to $3.8B... (Apr 29)
 -  SHI Receives Shell's Termination Notic... (Apr 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Completion/Production Consulting Services Sales Representative
Expertise: Business Development|Sales|Workover or Completion
Location: Richmond, TX
 
United States Houston: Account Manager II
Expertise: Business Development|Sales
Location: Houston, TX
 
Environmental Laboratory Chemist
Expertise: Chemist|Energy / Commodity Trading|Helicopter Pilot / Operations|Legal|Mechanic|Refinery / Plant Operations Supervisor|Refinery / Plant Operator|Regulatory Compliance
Location: Richmond, CA
 
search for more jobs

Brent Crude Oil : $48.1/BBL 0.06%
Light Crude Oil : $44.78/BBL 2.48%
Natural Gas : $2.04/MMBtu 5.99%
Updated in last 24 hours