BERYL GAS CONTRACT SIGNED

British Gas plc has signed the first formal North Sea gas purchase contract under government rules limiting its takes to 90% of a field's reserves. The contract covers 1.08 tcf of gas in Beryl field owned by Mobil North Sea Ltd. 50%, Amerada Hess Ltd. and Enterprise Oil plc 20% each, and North Sea Inc., formerly Texas Eastern (U.K.), 10%. Producers will sell the remaining 120 bcf in estimated reserves in the U.K, in direct competition with British Gas.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Reserves