I bet those corporate boys were very impressed with SK, he's had the balls to help form a new company and deliver a difficult oil field to have proven reserves on a limited budget. Making XEL the largest independent in the North Sea. The other delegates would have been very impressed.
is an added bonus to be recovered from existing ageing fields.
The real prize is the estimated 9 billion barrels of known deposits of heavy oil awaiting extraction in UK waters. And at this moment in time XEL are the only company who have proved they can unlock it in a cost effective manner.
What would that expertise alone be worth to other companies?
Two years late, but huge increase in the booked reserves in the interim and more knowledge, wonder with increased RBL thereby if they could sustain themselves with a return to Plan 'A', the 1a/b, 2, etc..
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.