Houston’s Endeavour International Corp. has announced its proved and probable reserves at year-end 2007 increased to 29.8 million barrels of oil equivalent compared to 29.6 MMboe a year ago.

Extensions, discoveries and upward revisions to prior estimates added 3.5 MMboe, more than replacing production of 3.3 MMboe or approximately 9,000 boepd during 2007.

The upward revisions in proved and probable reserves were a result of better-than-expected production from the Goldeneye, Brage and Njord fields and increased reserves in the Endeavour operated Rubie, Renee and Rochelle assets (R-blocks).

The R-block reserves, which are covered under the existing Field Development Plans, will be developed for additional near-term production. Once development is complete, the R-blocks should add approximately 7,000 boepd of new production, net to Endeavour.

Tags: Endeavour International Corporation