HOUSTON, May 31 /PRNewswire/ --
Endeavour International Corporation (Amex: END) today announced that production has commenced from the Enoch field located on the median line between the United Kingdom and Norway in the North Sea. The company expects initial net production of approximately 1,000 barrels of oil per day from its eight percent interest in the field.
"The completion of the Enoch development is a significant production milestone for Endeavour and marks our first participation in a field development as a company," said William L. Transier, chairman, chief executive officer and president. "When combined with the output from assets acquired last year in the United Kingdom and our Norway interests, the Enoch field represents a further diversification of our production base from which to advance our North Sea strategy."
The field development involved the drilling of a single horizontal development well in 2006. Enoch production will be transported to and processed at the Brae Alpha facility some 10 miles to the northwest of Enoch and oil will be exported via the Forties pipeline network.
Talisman North Sea Limited (24%) is the Enoch field operator. Other partners include Dyas UK Limited (14.0%), Bow Valley Petroleum (UK) Limited (12.0%), Roc Oil (GB) Limited (12.0%), Dana Petroleum (E&P) Limited (8.8%), Statoil ASA (11.78%), Altinex Oil AS (4.36%), Det Norske Oljeselskap AS (2.0%) and Dong Norge AS (1.86%).
Endeavour International Corporation is an international oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea. For more information, visit http://www.endeavourcorp.com.
Certain statements in this news release should be regarded as "forward-looking" statements within the meaning of the securities laws. These statements speak only as of the date made. Such statements are subject to assumptions, risk and uncertainty. Actual results or events may vary materially.
Web site: http://www.endeavourcorp.com
