Independent producer RockRose Energy has signed an agreement to secure a 100% interest in the Cotton gas Field in the southern North Sea, via the acquisition of current licence holder Speedwell Energy.
Discovered in 2009, Cotton is estimated to contain recoverable gas resources of 97 billion cubic feet (16.7 million boe) and has the potential to produce at peak rate of up to 70 million cfd (12,000 boepd) from two horizontal development wells. The field lies 100km east of Scarborough between the Kilmar and Garrow fields, in both of which RockRose holds a 15% interest.
A draft Field Development Plan has been prepared by Speedwell for submission to the OGA. RockRose says that key contractors have been identified and engagement with both of them, as well as the owners of the anticipated export infrastructure, is ongoing. Read more…