Venture and Dana Petroleum have entered into Heads of Agreement to acquire certain licences including the Kittiwake and Mallard fields from Shell U.K. Limited and ExxonMobil and, subject to legal documentation and regulatory approval, Venture will become the license operator. Venture has entered into an alliance with Petrofac to operate the Kittiwake field facilities.
On completion of the acquisition by Venture, and subject to regulatory approval, Petrofac Facilities Management will be responsible for the fieldıs production and maintenance operations, including offshore staff and the onshore operations support group.
This will be the fourth operating facility in the UK sector to be managed by Petrofac, the others being Galley, Montrose and Arbroath.
It is anticipated that Petrofac will take over responsibility for production on the Kittiwake field from Shell U.K. Limited in the fourth quarter of 2003.
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