Hansa Hydrocarbons farms in to UK North Sea Appraisal well on Chablis due to spud in October

abarrelfull wrote on 14 Apr 2014 08:53
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22nd September 2008

Hansa Hydrocarbons Limited (“Hansa”) has agreed to farm-in to Serica Energy’s UK (“Serica”) licences covering Block 48/16b and Block 48/17d (the “Licences”) in the Southern North Sea. Completion is subject to the receipt of UK government consent.

Under the terms of the farm-out agreement, Hansa will earn a 35% working interest in the Licences in return for contributing on a promoted basis to the cost of a well to appraise the Chablis discovery in Block 48/16b, scheduled to commence drilling in mid October, 2008. Serica will remain as operator and retains the remaining 65% working interest in the licence.

The well, to be drilled by the Northern Offshore Energy Enhancer jack-up drilling rig, will appraise the gas-bearing Permian Leman sandstone reservoir encountered in well 48/16a-2 drilled in 2002 and will be located approximately two kilometres to the east of the earlier well. The Leman sandstone is the reservoir for the numerous producing gas fields adjacent to the Licences.

John Martin, Hansa Hydrocarbon’s CEO, said:

“We are delighted to be participating in this drilling opportunity so soon after completing our funding commitment with Avista Capital Partners.

This transaction is a demonstration of our ability to execute our business plan which involves building a portfolio of exciting assets across our focus area.“

• Hansa Hydrocarbons farms in to UK North Sea Appraisal well on Chablis due to spud in October

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