HOUSTON, June 30 /PRNewswire-FirstCall/--Endeavour International
Corporation (NYSE-Amex: END) (LSE: ENDV) announced today that the
United Kingdom Department of Energy and Climate Control (DECC) has
approved plans for the development of the Baachus oil field in
Block 22/6a in the Central North Sea. Endeavour holds a 10%
interest in the 2005 discovery.
"We are pleased that the energy minister has accepted our
group's plan to develop the Baachus field," said William L.
Transier, chairman, chief executive officer and president. "This is
the first approval of four field development plans that Endeavour
has submitted for review by the U.K. government, and we are
encouraged that the other three projects will be approved over the
next 12 months."
The plan calls for a subsea development with three wells to be
drilled and linked to production facilities at the nearby Forties
Field, the largest oil field in the North Sea operated by Apache
Corporation. Apache also operates and holds a 70% working interest
in the Baachus development, with the remaining 20% held by Shell
UK. First production is planned for the first half of 2011.
Endeavour International Corporation is an oil and gas
exploration and production company focused on the acquisition,
exploration and development of energy reserves in the North Sea and
the 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 as of the date made. Such
statements are subject to assumptions, risk and uncertainty. Actual
results or events may vary materially. The estimates of recoverable
resources per well and completed well costs included herein are
based upon other typical results in these shale plays and may not
be indicative of actual results.
SOURCE Endeavour International Corporation
CONTACT: Investor Relations, Mike Kirksey of Endeavour
International Corporation, +44 (0) 207 451 2364 or +1-713-307-8788;
or UK Media, Philip Dennis, +44 (0) 207 743 6363, or Henry Lerwill,
+44 (0) 203 178 6242, both of Pelham Public Relations, for
Endeavour International Corporation
Website: http://www.endeavourcorp.com