Norelco UK Ltd.

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
MM
Description

Norelco UK Ltd. has retained Envoi Ltd. to find a partner for its 43.75% interest in its North Sea Block 20/5b prospect.

Norelco needs a partner to help it develop an exploration well in its license in the Outer Moray Firth within the Buchan Graben play fairway, close to the producing Buchan, Tweedsmuir and Goldeneye fields and Nexen’s recent Polecat discovery. The block is operated by Suncor with Trap and First Oil as other partners.

The Scotney prospect is a four-way dip Upper Jurassic closure, at 8,800 feet on an east-west trend fault block at the junction of two fault systems west of the Buchan Horst.

The prospect is one of the largest untested Upper Jurassic three-dimensional defined prospects in this part of the UK North Sea.

For additional information, contact Mike Lakin at Envoi Ltd, 4420-8566-1310.