Xcite Energy Concludes Phase 1A at Bentley Field (UK)

October 15, 2012

Xcite Energy has concluded the Phase 1A of the Bentley field development programme in the UK North Sea.

The Rowan Norway drilling rig is demobilised and handed back to Rowan Companies Inc. The 9/3b-7 and 7Z wells were successfully suspended for future use as production wells during Phase 1B. The Scott Spirit and shuttle tanker are now off hire and the offtake pipelines have been safely recovered.

Rupert Cole, CEO, commented on conclusion of the Phase 1A programme:

“On behalf of the Xcite Energy team, I would like to thank everyone involved in Phase 1A for their contribution to the safe and very successful conclusion of the work programme. We look forward to progressing towards Phase 1B.”

Xcite Energy holds and operates 100% of the Bentley field located in Block 9/3b (Licence P1078). The field has been described as one of the largest remaining, undeveloped North Sea oil fields

The Bentley field is located on the East Shetland Platform in the UK Northern North Sea, 8 km southeast of the Bressay Field (currently operated by Statoil), 15 km east of the Kraken Field (operator: Enquest) and 20 km north-northeast of the Bruce Field (operator: BP)

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Offshore Energy Today Staff, October 15, 2012