HOUSTON, April 18, 2011 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) today announced
agreement of commercial terms for the processing and transportation
of East Rochelle production on the
Scott Platform, in the Central North Sea. Endeavour, operator of
the East Rochelle, plans to award
contracts and commence construction of the production facilities
immediately.
"This represents an important milestone in the development of
the East Rochelle field," said
William L. Transier, chairman, chief
executive officer and president. "Endeavour can now move forward
expeditiously to achieve first production in 2012. This off-take
solution is expected to incorporate the production at West Rochelle, the second phase of the
development of the Greater
Rochelle area, which will be on a simultaneous track with
East Rochelle."
The Field Development Plan for East
Rochelle was approved by the Department of Energy and
Climate Change in February 2011. The
plan calls for the subsea development to be linked by a 30-
kilometer pipeline to production facilities on the Scott platform.
First production from East
Rochelle is planned for the second half of 2012. Endeavour
holds a 55.6 percent working interest in the East Rochelle development and Nexen Petroleum
UK Limited holds the remaining 44.4 percent interest.
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 and
United States. 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 of as of the date made. Such
statements are subject to assumptions, risk and uncertainty. Actual
results or events may vary materially.