Australia's Roc Oil signs agreement with UK Shell and Maersk Contractors

Jul 17, 2000 02:00 AM

Roc Oil said it signed an agreement with UK Shell and Maersk Contractors to use facilities owned by the companies in the UK North Sea.
As part of a consortium, led by Canada's Ranger, Roc oil owns the Kyle oil field in the UK North Sea. The consortium has agreed to use existing and well-established production facilities on the nearby Curlew field, for the full duration of the Kyle field development. The Curlew field is situated 19 km south of Kyle, and is owned by the UK divisions of oil giants Shell and Esso.
Roc Oil owns 12.5 % of the Kyle field. The field is operated by Canada's Ranger Oil, which owns 40 %, while UK Premier Plot Petroleum owns 35 % and Canada's Bow Valley Energy owns 12.5 %. The oil from the Kyle field development is expected to go through the Curlew in March 2001, Roc said.
The company said the agreement is subject to normal industry terms and conditions and relevant government approvals. The new appraisal well follows a successful extended well test in the southernpart of the Kyle field, which produces around 13,000 bpd.
Roc Oil also has interests in Mongolia, Morocco, Senegal and Malta.

Source: Bridge News via Newspage
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