Project Profile
Value: US$100 million
Location: Block 204/18b in P.1631, West of Shetland, Scotland, UK
Start-up Year: 2016
Handcross is located on Block 204/18b in P.1631 west of Shetland in Scotland of United Kingdom (UK). Valiant operates the license with a 90% interest. The prospect is drill-ready and exploratory drilling should commence in 2012. The Handcross partners will include Ithaca (45%) as operator, Euroil (25%), RWE (20%) and Sussex Energy (10%).
Operators:
Ithaca Energy: Operator with 31% interest
Euroil: 25% interest
Sussex Energy Limited (100% owned by Enovation Resources): 15% interest
RWE Dea UK SNS Limited (RWE Dea): 20% interest
Oyster Petroleum: 9% interest
Contractor:
Stena Drilling: Drilling using drillship Stena Drilling Carron