Elixir Petroleum Finalizes Jaguar Farmout Agreement

Elixir Petroleum reports that the farmout agreement covering the Company's Block 211/22b to DNO has been finalized and signed.

This Northern North Sea block hosts the large Upper and Middle Jurassic Jaguar prospect, which if hydrocarbon-bearing, has the potential to contain reserves of several hundred millions barrels of oil.

As announced earlier, DNO will secure a 60% interest in Block 211/22b by funding 92.5% of the costs of drilling an exploration well on Jaguar. Elixir will retain a final 40% interest in the block.

A well is expected to be drilled potentially during the first half of 2006.

Elixir is very pleased with the opportunity to partner a company of the caliber of DNO in such an exciting prospect as Jaguar.

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
Bulk Plant Operator
Expertise: Asset Management
Location: Von Ormy, TX
 
Project Manager - Multifamily Construction
Expertise: Construction Manager|Project Management
Location: Orlando, FL
 
Project Manager / Senior Engineer
Expertise: Civil Engineering|Project Management
Location: St. Louis, MO
 
search for more jobs

Brent Crude Oil : $51.96/BBL 1.94%
Light Crude Oil : $49.62/BBL 1.29%
Natural Gas : $3.1/MMBtu 1.89%
Updated in last 24 hours