UK Southern Gas Basin
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EnCore Oil plc said that the Global Santa Fe Labrador drilling rig has arrived on location in block 48/22b North in the Southern Gas Basin and has commenced drilling operations on the Cirrus prospect.
Perenco UK Limited is the operator of the block with a 65-percent interest. Following completion of the Asset Exchange Agreement signed with one of the partners on the block, Century Exploration (UK) Limited, EnCore will hold a 8.3125-percent interest. Completion of the Asset Exchange Agreement is expected shortly.
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