Hansa Hydrocarbons Limited (Hansa) has entered into an agreement with Noble Energy Capital Limited, a subsidiary of Noble Energy, Inc. (Noble), under which, subject to certain conditions precedent and third party approvals amongst other things, it will acquire a wholly owned UK subsidiary that will hold its non-operated interests in the UK Malory, Guinevere and Lancelot fields.

The Malory, Guinevere and Lancelot fields are largely located in Blocks 48/12d and 48/17b of the UK Southern North Sea some 60 kilometers north of the Norfolk coastline. Production commenced from Lancelot and Guinevere in 1993 and from Malory in 1998. The fields form part of the Lancelot Area Pipeline System (LAPS) catchment area where production is delivered through a dedicated pipeline and onshore compression facility to the Perenco Bacton gas processing facilities in Norfolk. For 2012, combined production of the three fields was 21 million cubic feet per day gross or 3 million cubic feet per day net to the Noble interests.

Tags: Hansa Hydrocarbons