|
|
Article: Exxon: New Drilling in North Sea - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- September 9, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
|
Exxon: New Drilling in North Sea - Analyst Blog
ExxonMobil Corp.
(
XOM
) will start drilling at the Beryl field in the northern North Sea. The field is jointly owned by Mobil North Sea LLC (Exxon’s subsidiary and the operator) -- 50%,
Hess Limited
(
HES
) -- 22.22%, Enterprise Oil Limited (a subsidiary of
Royal Dutch Shell
[
RDS.A
]) -- 22.78% and OMV (U.K.) Limited -- 5%.
The Beryl field is located in the UK sector of the northern North Sea, approximately 335 kilometers north-east of Aberdeen, at a depth of 117.5 meters. This field achieved a total cumulative production of 1 billion barrels of oil and condensate in 2009, 33 years after production commenced.
...