Agora O&G Ups Interests in Tybalt
Valiant Petroleum announced Tuesday it signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea.
Agora increases its interest in Tybalt to 40 percent in return for a partial cost carry. Valiant will remain operator with a 60 percent interest.
The Tybalt well is currently drilling ahead with the Borgsten Dolphin semi-submersible rig, with results anticipated in May.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.