Petrofac Acquires Stake in Don Southwest Discovery in the North Sea

Petrofac's Resources division has acquired a 60% interest in part of Block 211/18a in the UK North Sea containing the Don Southwest discovery. Petrofac has been approved as the license operator of the interest.

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."

Related Companies
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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Executive Assistant
Expertise: Executive|Secretarial or Administrative
Location: United States
Regional Manager - Saybolt
Expertise: Executive|Operations Management
Location: Linden, NJ
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours