Petrofac has acquired the interest from BP and ConocoPhillips alongside Don Development Company Limited, a subsidiary of Valiant Petroleum, which has acquired the remaining 40% interest. Petrofac also has a 50% interest in the adjoining Block 211/18c, awarded in the 23rd Licensing Round, in which Valiant Petroleum holds the remaining 50%. The future development opportunities of these two interests will be quantified through a remapping exercise across both areas using recently reprocessed seismic data. The Don Southwest area of 211/18a contains a number of wells which have been tested and produced in the Brent Formation.
Amjad Bseisu, chief executive of Petrofac Resources, commented: "The Don Southwest acquisition is ideal for Petrofac from a size and location perspective and establishes the 211 area as core for Petrofac. As operator and development partner, we will look to draw on the expertise of our Engineering & Construction and Operations Services divisions with a view to developing the field. As with the West Don area, the export options which are currently under investigation include operating as a satellite tieback to the Thistle platform (where our Operations Services division provides turnkey facilities management services) or to the Murchison and Magnus production facilities."
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