HOUSTON, Feb. 7, 2014 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) ("Endeavour" or
the "Company") today announced the East (E2) and West (W1)
development wells at Rochelle, a
gas-condensate field in the U.K. North Sea, have been fully
completed and tied-in to the production manifolds.
During the restart of production, a valve was
discovered stuck in the 'shut' position on the outlet side of
the Rochelle production manifold.
An attempt to open the valve manually was unsuccessful and the
operator is in the process of securing an intervention vessel to
open the valve. As part of the final installation and start-up of
the E2 well, the W1 well was shut-in earlier this year. Weather in
the North Sea continues to be a challenge for service vessels to
perform the work necessary to get Rochelle back on production. This
unanticipated downtime will negatively affect the Company's daily
production rates for the first quarter of 2014.
"While the current situation regarding the Rochelle infrastructure is frustrating,
operating safely within the North Sea environment is
paramount. In no way does this affect the field's long-term
production capacity or reserve potential," said William L. Transier, chairman, chief executive
officer and president. "We are confident that the valve
will be repaired and that the field's production will resume. As we
learn more details regarding the timing of this work, we will
communicate that information to our investors."
The Rochelle field came on-line
in October of 2013. Endeavour has a 44% working interest in the
Rochelle field located in Blocks
15/26b, 15/26c and 15/27.
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