Sector News

Trio strike North Sea agreement

September 10, 2014
Xcite Energy, Statoil and EnQuest have all entered into a collaboration agreement to share field-specific technical information about the Kraken, Bentley and Bressay fields.
The agreement is aimed at evaluating the fields’ potential utilisation of a common gas import infrastructure shared between them.
A team made up of representatives from all three companies will be dedicated to analysing the historic systems in place before proposing an array of strategic approaches aimed at leveraging the potential benefits of installing a shared gas import pipeline in conjunction with the development of the Kraken, Bentley and Bressay fields.
Xcite Energy chief executive Rupert Cole said: “We are pleased to continue to work with Statoil and extend this to include EnQuest in the assessment of this shared infrastructure. This new collaboration with Statoil and EnQuest to assess this shared infrastructure is an important initiative, which highlights the scope of potential opportunities available to our respective projects.
“I believe that today’s announcement further demonstrates that additional value can be created by companies collaborating in key development activities and it reinforces our commitment to ‘Maximising Economic Recovery’ from the area immediately surrounding the Bentley field.”
Source: Energy Voice

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach