Scandoil  

Serica Energy to acquire interest in Columbus field extension


Published Oct 28, 2015
Serica Energy

Serica Energy plc says that agreement has been reached with BG International Limited and SSE E&P UK Limited for BG and SSE to transfer their equity in that part of Block 23/21a which contains an extension to the Columbus field to the Block 23/16f participants, Serica Energy (UK) Limited, Endeavour Energy UK Limited and EOG Resources United Kingdom Limited, for a nominal sum.

The transaction is subject to the consent of the Licensing Authorities, and is in the spirit of the Oil & Gas Authority's commitment to expediting UK offshore oil and gas field developments.

Block 23/21a Columbus Subarea lies directly south of Block 23/16f. The BG and SSE interests in the Block 23/21a Columbus Subarea are being transferred to the Columbus Participants in proportion to the interests held by the Columbus Participants in Block 23/16f.

Tags: BG International Limited, Serica Energy plc




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