Shell U.K. Ltd.

Transaction Type
Sellers
Marketers
Basin
U.K. Atlantic margin
Field
Licence P799, South Uist
Post Date
Close Date
Estimated Price
0MM
Description

Shell U.K. Ltd. has retained IndigoPool to sell interest in the U.K. Atlantic Margin Licence P799, which includes the South Uist gas prospect, in return for funding a well to be drilled on South Uist in second-quarter 2009 with drilling rig secured. The license comprises blocks 213/25a and 214/21a. The South Uist prospect is a well-defined faulted four-way dip closure with a maximum areal closure of 82 square kilometers and a 250-meter potential column, located southeast and down flank of the Corona ridge. The most likely hydrocarbon phase is evaluated as being gas, with the potential estimated to be up to 4 trillion cubic feet of recoverable volumes. The license is located 35 kilometers north of the Total-operated Laggan and Tonmore discoveries, and 40 kilometers northeast of the Chevron-operated Rosebank and Lochnagar discoveries. The data room opens Dec. 10. The bid due date is Feb. 16. Contact Graeme Marks, +44-1224-88-3385; G.Marks@shell.com.