Revus Buys Interests from ExxonMobil

Revus Energy has signed an Agreement with ExxonMobil for purchase of their 25% interest in two acreage areas to be carved out from PL090 in block 35/11 offshore Norway. The purchase price is not disclosed.

One of the two areas includes the discovery 35/11-2 known as Fram B and the other area includes a prospect named Astero where drilling has been completed by well 35/11-13.

Tim Sullivan, General Manager of Revus says: "This is another step forward for Revus in our effort to build a portfolio of growth opportunities in the mature part of the NCS"

The transaction is still subject to approval by the Norwegian authorities and the effective date of the transaction will be January 1, 2005.

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
Account Manager - Levelland/Lubbock, TX Area
Expertise: Business Development|Production Operator
Location: Lubbock, tx
 
Project Coordinator, Pipeline Construction
Expertise: Project Management
Location: Spring, TX
 
Project Manager
Expertise: Project Management
Location: Kennesaw, GA
 
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