Offshore logo
Centrica increases Central North Sea stakes
Posted 22.02.2012 11:13:49 av John Bradbury
Vis RSS feed
Send nyhet til en venn
Centrica has agreed a major asset deal with Total E&P in the UK to increase its holding in a series of UK Central North Sea fields.

Centrica is paying £246 million (US $388 m) to acquire Total's non-operated interests in seven fields in the Central North Sea.

Equity is being acquired by Centrica in four fields in the Greater Armada area operated by BG – Maria, Seymour, Armada, and Everest, in the Chevron-operated Alba field, and in the Mungo and Monan fields which form part of the BP-operated ETAP cluster.

In total, Centrica says the deal will bring 22 million barrels of oil equivalent (mmboe) of 2P – proven and probable – reserves, of which 36% is gas, and 64% is oil. The new resources represent a 5% increase in Centrica reserves, and they are expected to add 9,300 boe/d of production this year.

“Today’s announcement marks another step in the growth of our upstream oil and gas business,” declared Mark Hanafin, managing director of Centrica Energy. “This acquisition in the North Sea provides a good fit with our existing portfolio and strategy, bringing strong cash flow and adding value for Centrica. It underlines our commitment to invest where we see attractive opportunities, securing future energy supplies for the UK.”

At Maria, Centrica is acquiring 28.9% equity, boosting its total interest in that field to 64%. At Seymour, Centrica acquires 25%, increasing equity to 43%. Within the Armada field unit, Centrica acquires 12.53%, increasing its equity there to 23.55%. At Everest, it acquires 0.8688%. At Alba, Centrica acquires 12.65%, and at Mungo and Monan Centrica acquires 12.434%.

The deal also brings Centrica a 3.37% stake in the ETAP central processing facility, and a minor 0.568% interest in the Central Area Transmission System pipeline, both of which are also operated by BP.
Advertisement
Latest news

Dry well north of Brynhild

Sweden's Lundin Petroleum has missed out on proving up further reserves near Norway's Brynhild discovery with a dry hole to the north of the field.

[Les mer ] Exploration

Noble rig to drill offshore Malta

Drilling is due to commence in a deepwater block offshore Malta in the eastern Mediterranean later this year using a Noble deepwater semi-submersible.

[Les mer ] Exploration

FMC snares Julia deepwater order

Statoil and ExxonMobil have selected FMC Technologies for the supply of subsea equipment for the Julia field development in the US Gulf of Mexico.

[Les mer ] Contracts

Success in the North Sea

Premier Oil's interim statement today underlined the success it is enjoying in the North Sea and internationally.

[Les mer ] Field development

Greater Gabbard parties settle over quality concern

Offshore wind developers SSE and Fluor have settled a contract dispute over the turbine foundations used at the Greater Gabbard wind farm in the North Sea.

[Les mer ] Company news

Oil companies face price-fixing probe

Statoil is facing a price-fixing investigation by the Norwegian Competition Authority on behalf of the European Commission which is looking into anti-competitive agreements.

[Les mer ] Company news

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
GLAVA AS Logo

GLAVA AS

Glava AS er et norsk privateid industriselskap med hovedkontor i Askim, produksjonsanlegg i Askim, Stjørdal og Spydeberg. Salg, markedsføring og kundeservice er organisert sentralt i Oslo og med lokale representanter i hele landet.

Se profil | offshorex.no
StS gruppen Logo

StS gruppen

StS gruppen er totalentreprenør innen overflatebehandling, passiv brannbeskyttelse, isolering, stillas, rigging, tilkomsteknikk, overtrykkshabitat, samt relatert engineering, inspeksjon, kurs og opplæring.

Se profil | offshorex.no
DEEPOCEAN AS Logo

DEEPOCEAN AS

DeepOcean is a subsea service contractor specialising in the operation of DP ships, ROV and Survey services, working in the North Sea, Brazil, and Mexico as well as in other deepwater regions.

Se profil | offshorex.no
AKER SOLUTIONS AS Logo

AKER SOLUTIONS AS

Aker Solutions ASA is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry.

Se profil | offshorex.no
VEX-GRUPPEN AS Logo

VEX-GRUPPEN AS

VEX-Gruppen Rekruttering og Bemanning er lokalisert på Straume på Sotra og i Stavanger. Vi bemanner og rekr. til alle type stillinger til næringslivet og jobber for gode relasjoner med fokus på effektivitet og fleksibilitet.Vi oppnår de beste resultater ved å sette mennesket i fokus,vi finner den rette for deg. Er du jobbsøker og ser en spennede stilling er det bare å sende inn din cv

Se profil | offshorex.no
Stahl-Syberg A/S Logo

Stahl-Syberg A/S

Supplies a total concept for explosion protection from R.Stahl, a world leader in the field of electrical and electronic equipment. Agent for Hawke and Schniewindt.

Se profil | offshorex.no
Tips oss
Telefon Bergen: 55 20 72 00
Telefon Stavanger: 51 56 42 82
Kontakt oss
Sentralbord: 55 20 72 00
Sentralbord: 51 56 42 80
Annonsere
Bergen: 55 20 72 00
Stavanger: 51 56 42 80
Ansvarlige
Sjefsredaktør: Helge Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.