Shell U.K. Ltd.
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 is open. The bid due date is Feb. 16. Contact Graeme Marks, +44-1224-88-3385; G.Marks@shell.com.