HOUSTON, April 30, 2012 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) today announced
production from the first development well on the Bacchus Field
located in Block 22/06a in the U.K. Central North Sea.
Initial production rates over the first five days were
approximately 6,000 gross barrels of oil per day. Endeavour has a
30% interest in Bacchus. When the full field development is
completed and on-line, the Company will be able to provide reliable
long-term sustainable production estimates. Further detail
regarding the initial production performance for this first well
will be discussed during the Company's first quarter conference
call.
"We are very pleased with the well performance from our first
development well at Bacchus," said William
L. Transier, chairman, chief executive officer and
president. "We are now focused on the second of the
development wells and we look forward to having the full
development program completed as the year progresses."
The second development well commenced drilling on April 20, 2012. It is expected that this
well will be on production early in the third quarter.
The Bacchus development is operated by Apache Corporation. The
Field Development Plan was approved by the Department of Energy and
Climate Change in June 2010.
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
www.endeavourcorp.com.
SOURCE Endeavour International Corporation