Shell U.K. Ltd., Esso Exploration and Production U.K. Ltd.

Transaction Type
Marketers
Basin
Central North Sea
Post Date
Close Date
Estimated Price
0MM
Description

Shell U.K. Ltd. and Esso Exploration and Production U.K. Ltd. have retained IndigoPool to seek a partner for a U.K. Central North Sea drilling prospect. The companies are offering the opportunity to earn nonoperated equity in UKCS Blocks 22/21 and 22/26a in return for a full carry on a promote basis of an exploration well to be drilled third-quarter 2010 on the Greater Hermione prospect. Shell and Esso are seeking 100% of costs of the well, to be drilled on License P.013, in return for equity in the same license on a promote basis. Estimate resource upside is 220 million barrels of oil equivalent. Shell is operator. The bid due date is July 13. Contact Greg Mowlds, 713-513-1513.