Shell, ExxonMobil Offer Stake In N Sea Oil Prospect -Document
May 27 2009 - 2:53AM
Dow Jones News
Royal Dutch Shell PLC (RDSB.LN) and ExxonMobil Corp. (XOM) are
offering a stake in a North Sea oil prospect to a partner willing
to pay for an exploration well, said documents posted on the
Indigopool Web site.
The size of the stake offered and the cost of the well weren't
specified.
The blocks 22/21 and 22/26a in the Greater Hermione area have
yet to be drilled and contain an estimated 220 million barrels of
oil equivalent of light oil or gas condensate, said the companies.
They are close to the Gannet platform and a rig slot has been
secured for the third quarter of 2010, they said. Shell will
operate the well and first production is planned for 2014-2016.
The companies opened a data room on May 26 and offers are due by
July 13.
Indigopool advises oil companies on asset sales and purchases
and bids for oil exploration licenses. It is owned by oil services
giant Schlumberger Ltd. (SLB).
Company Web site: http://www.indigopool.com
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317;
james.herron@dowjones.com