EnCore Gets Go-Ahead for Field Development Plan in UKCS

EnCore Oil plc has announced that the Department for Business, Enterprise & Regulatory Reform (BERR) has approved the Field Development Plan ('FDP') for the Ceres field (formerly known as Barbarossa) located on UKCS block 47/9c.

The field, operated by Venture Production plc, will be developed as a single well sub-sea tieback jointly with the nearby Eris discovery (formerly known as Channon) with first gas currently planned for mid-2009.

In July, EnCore announced that the Ceres gas appraisal well 47/9c-11x successfully tested gas at a maximum rate of 40 million standard cubic feet per day through a 96/64" choke. The gas was produced from the Rotliegend reservoir between 10,300 feet and 15,600 feet measured depth below rotary table. The well was completed as the field production well on the Ceres discovery.

Alan Booth, Chief Executive Officer, commented, "Ceres, although a modest gas field by North Sea standards has been transformed by EnCore from a 22nd Licencing Round promote license in danger of being relinquished by the previous owners in late 2006 into a producing gas field, in little more than two years. This asset will add production to our exploration, appraisal and development portfolio."

EnCore has a 10% interest in the license, five% of which is subject to a potential buy-back by a previous owner.


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