White Rose Energy Ventures has taken a farmout to earn a 48.75% operated interest in Block H off Equatorial Guinea, where an exploratory well is to be drilled in 2012.
White Rose Energy Ventures has taken a farmout to earn a 48.75% operated interest in Block H off Equatorial Guinea, where an exploratory well is to be drilled in 2012.
White Rose is acquiring its interest from Atlas Petroleum International and ROC Oil (Equatorial Guinea) Co. and becomes technical manager of activities on the block, where the current period of the production sharing contract has been extended until February 2013. The block contains several prospects, including Aleta to be drilled, and leads.
The block group consists of White Rose, Atlas 25%, ROC Oil 20%, and PA Resources AB 6.25%.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
