DTI Approves EnCore's Acquisition & Operatorship of North Sea Blocks

EnCore Oil reports that the DTI has formally approved its acquisition of six North Sea blocks from PetroCanada UK Limited.

Located in the Central Graben area of the North Sea, EnCore will be operator of five of the six blocks, which between them contain a number of undeveloped discoveries and exploration prospects.

Commenting on receiving regulatory consent, EnCore Chief Executive Alan Booth said: “The formal DTI approval is excellent news for EnCore. We are developing the necessary work programs with our co-venturers to evaluate the commercial viability of the discoveries and assess the exploration prospects which exist on the blocks.”

The six blocks acquired from PetroCanada UK Limited are: 21/24 (part) - 95% interest; 21/30S - 95% interest; 21/29b - SE 61.312% interest; 21/29b SW - 51.612% interest; 15/26a – 47.5% interest; 29/6a – 20.1005 interest.

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
United States Houston: Direct Sales Engineering Manager
Expertise: Business Development|Engineering Manager|Sales
Location: Houston, TX
 
Land Analyst - Powder River Basin
Expertise: Landman|Lease Analyst|Legal
Location: Denver, CO
 
Business Development Manager
Expertise: Business Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.87/BBL 0.40%
Light Crude Oil : $47.64/BBL 0.56%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours