"We believe that these blocks along the Atlantic Margin complement our substantial North Sea acreage position and offer significant exploratory opportunity for new sources of natural gas," said John Seitz, co-chief executive officer. "The work program includes the acquisition of new 2D seismic data and reprocessing of existing lines."
The award was in conjunction with the recent Slyne-Erris-Donegal Bid Round that closed on March 15, 2006 conducted by the Petroleum Affairs Division of the Department of Communications, Marine and Natural Resources in Ireland.
Endeavour will hold a 20 percent interest in the newly named Inishowen License that covers 188,540 acres consisting of part-blocks 13/4(S), 13/5(S), 13/9(E), 13/13(N), 13/14(N) & 14/1(N) in the Donegal Basin. The area lies in 125 meters of water and is approximately 60 kilometers east of the Dooish hydrocarbon discovery in the Rockall Basin. Partners include Island Oil & Gas plc, which will serve as operator, and Lundin Exploration BV.
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