September 3, 2018 / 7:00 AM / 23 days ago

Spirit Energy to invest $180 mln in wells off Shetland

LONDON, Sept 3 (Reuters) -

* Spirit Energy will fund an $180 million campaign to drill three wells 100 km west of Shetland, it said on Monday

* It says area holds an estimated 2 billion barrels of oil equivalent in prospective and contingent resources

* Licences for the sites are operated by Hurricane Energy

* Should the well campaign and further tests in the area be successful, Spirit and Hurricane will work together, aiming to progress the field to full development

* Centrica owns 69 percent of Spirit Energy and Stadtwerke Muenchen owns 31 percent (Reporting by Susanna Twidale; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below