Oil Major Total Launches Edradour Gas Field Development


PARIS, July 3 (Reuters) - French oil major Total said on Thursday it has decided to develop the Edradour gas field, in the West of Shetland area, after negotiating lower costs with contractors, as well as buying a 60 percent stake in the neighbouring Glenlivet field.

Total holds 75 percent of Edradour, while partner Dong E&P owns the rest. Dong will also retain a 20 percent stake in Glenlivet, with Faroe Petroleum and First Oil Expro each holding 10 percent.

(Reporting by James Regan; Editing by Blaise Robinson)

Copyright 2017 Thomson Reuters. Click for Restrictions.


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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Principal II - DES
Expertise: Design Engineer|Drilling Engineering
Location: Houston, TX
Sr Reservoir / Production Engineer - Field Engineering
Expertise: Production Engineering
Location: Platteville, CO
United States Rock Springs: Entry Level to Senior Engineer - Cased Hole
Expertise: Reservoir Engineering
Location: Rock Springs, WY
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours