Phillips To Sell Interest in 3 North Sea Blocks

Phillips has put the interests in three of its UK North Sea blocks up for sale. The blocks on offer are 15/26a, 15/27 and 15/28b. Phillips is operator of 15/27 and 15/28b while Veba is the operator on 15/26a. Block 15/27 has the Renee producing field and 15/28b has the Rubie producing field. There is an undeveloped discovery on Block 15/27-9.

The company believes there is still considerable exploration potential on all three blocks. The deadline for offers is May 27, 2002 and further acquisition information can be obtained from IndigoPool.