Trio strike North Sea agreement

Xcite Energy
Work under way on the Bentley field

Xcite Energy, Statoil and EnQuest have all entered into a collaboration agreement to share field-specific technical information about the Kraken, Bentley and Bressay fields.

The agreement is aimed at evaluating the fields’ potential utilisation of a common gas import infrastructure shared between them.

A team made up of representatives from all three companies will be dedicated to analysing the historic systems in place before proposing an array of strategic approaches aimed at leveraging the potential benefits of installing a shared gas import pipeline in conjunction with the development of the Kraken, Bentley and Bressay fields.

Xcite Energy chief executive Rupert Cole said: “We are pleased to continue to work with Statoil and extend this to include EnQuest in the assessment of this shared infrastructure. This new collaboration with Statoil and EnQuest to assess this shared infrastructure is an important initiative, which highlights the scope of potential opportunities available to our respective projects.

“I believe that today’s announcement further demonstrates that additional value can be created by companies collaborating in key development activities and it reinforces our commitment to ‘Maximising Economic Recovery’ from the area immediately surrounding the Bentley field.”