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Huntington delay cause for cheer: Noreco


Published Oct 23, 2008
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Oilexco Huntington map

Partners in the U.K. North Sea’s Huntington field believe “there is a high probability” two wells being drilled in a neighbouring block will show the field is “larger than assumed”, which also means development will be pushed back.

The Block 22/14A wells are forcing Huntington planners to “adjust”, according to partner Noreco.

“The partners still expect production to start in 2010, but selection of development solution will be moved to first-quarter 2009 so that all important facts are available before the final decision is made,” a Noreco statement said Thursday.

Noreco owns 20 percent of Huntington, where two discoveries have already been made. Calgary-based Oilexco (40 percent), E.ON Ruhrgas (25 percent) and U.S. Carrizo Oil and Gas (15 percent) fill out the field stakes.

Tags: Carrizo Oil & Gas, E.ON Ruhrgas AG, Noreco, Oilexco Incorporated



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