Gulf Shores to Participate in Petro Canada North Sea Project

Gulf Shores will participate in the drilling of an exploration well to evaluate the Maria prospect located in United Kingdom Continental Shelf (UKCS) Block 15/18a.

Gulf Shores will pay 11.11% of the cost to drill and test the farmin well to earn 8.33% in License P.233 (Block 15/18a).

The license also includes two deeper Jurassic fallow discoveries. Additional technical work and new long offset 3D seismic is being proposed to further evaluate these discoveries and to mitigate technical risk on high-impact leads identified on the block.

It is currently planned to commence drilling the Maria well in the first quarter of 2008. Gulf Shores is fully funded for the cost of its participation in this well.

Upon fulfilling the terms of the farmin agreement working interests in License P.233 Block 15/18a will be, Petro-Canada (Operator - 25%), ENI UK Limited (50%), Gulf Shores Resources (8.33%), Monarch Energy (8.33%) and Britcana, (International Frontier - 8.33%).

As part of its continuous active exploration program in the North Sea, Gulf Shores continues to review other North Sea exploration projects.

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
Well Monitoring Specialist
Expertise: WellSite Supervisor
Location: Houston, TX
Chief Mechanic (6th Gen Drillship)(Contract)
Expertise: Rig Mechanic
Location: Houma, LA
ET (Deepwater Drillship)
Expertise: Rig Electrician
Location: Houma, LA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours