Endeavour Announces First Production From Enoch Development

abarrelfullabarrelfull wrote on 15 Jun 2015 06:25

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May 31, 2007

Endeavour International Corporation (Amex: END) today announced that production has commenced from the Enoch field located on the median line between the United Kingdom and Norway in the North Sea. The company expects initial net production of approximately 1,000 barrels of oil per day from its eight percent interest in the field.

"The completion of the Enoch development is a significant production milestone for Endeavour and marks our first participation in a field development as a company," said William L. Transier, chairman, chief executive officer and president. "When combined with the output from assets acquired last year in the United Kingdom and our Norway interests, the Enoch field represents a further diversification of our production base from which to advance our North Sea strategy."

The field development involved the drilling of a single horizontal development well in 2006. Enoch production will be transported to and processed at the Brae Alpha facility some 10 miles to the northwest of Enoch and oil will be exported via the Forties pipeline network.

Talisman North Sea Limited (24%) is the Enoch field operator. Other partners include Dyas UK Limited (14.0%), Bow Valley Petroleum (UK) Limited (12.0%), Roc Oil (GB) Limited (12.0%), Dana Petroleum (E&P) Limited (8.8%), Statoil ASA (11.78%), Altinex Oil AS (4.36%), Det Norske Oljeselskap AS (2.0%) and Dong Norge AS (1.86%).

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