Antrim to Acquire Stake in UK Block 21/15a from Nexen

Antrim has executed a Heads of Agreement to farm-in to UK North Sea Block 21/15a, owned and operated by Nexen Petroleum U.K. Limited. Antrim will earn a 25.00% working interest in the Block by participating in a well to be drilled by Nexen Petroleum U.K. Limited in 2005 or early 2006. Final completion of the transaction, which is subject to the execution of a Farm-in Agreement and Joint Operating Agreement and normal regulatory approval, is expected to be completed by May 31.

The well will be drilled to a planned depth of approximately 3660 meters to test the Jurassic Fulmar sandstone Bennachie Prospect. The Bennachie Prospect was identified by the 21/15a-2 well, which flowed 40 degrees API gravity oil at a rate of 4363 bbl/d on a 44/64" choke.

Block 21/15a is in close proximity to producing fields and infrastructure in the UK Central North Sea.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
 
Brownfield Project Manager
Expertise: Pipeline Engineering|Project Management
Location: Houma, LA
 
Land Analyst - WY / UT Land Grant
Expertise: Landman|Lease Analyst|Legal
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours