HOUSTON, Jan. 6, 2014 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) ("Endeavour" or
the "Company") today announced an update on the current production
from the first well (W1) at the Rochelle field and the timing of
the start-up of the second production well (E2).
Current gross production from the W1 well is 65 – 70 million
cubic feet of gas per day with an additional 2,500 – 3,000 barrels
of oil equivalent per day ("boepd") of liquids production, 6,000 –
7,000 boepd net to Endeavour's working interest in the field. The
first Rochelle well, W1, came on-line in October of 2013.
Due to continued periods of inclement weather in the U.K. North
Sea, timing of first production from the E2 well has been delayed
from end of December to the second week of January. The Skandi
Achiever, the vessel handling the final hook-up of the Xmas tree to
the East Rochelle manifold, is prepared to finish the installation
as soon as the weather window opens. Upon the completion
of the hook-up by the Skandi Achiever, the E2 well will commence
production. The combined production from the E2 and W1 wells is
expected to far exceed the capacity limits allowed over the Scott
platform.
Endeavour has a 44% working interest in the Rochelle field,
which is located in blocks 15/26b, 15/26c and 15/27 in U.K. Central
North Sea.
The Company also reconfirmed its guidance of 12,000 – 13,000
boepd for the fourth quarter of 2013.
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.