Galaxy II Jackup Rig Moves to Stand by Locaton in the UK North Sea

EnCore Oil plc  announces that the Transocean Galaxy II heavy duty jack-up rig left Dundee Harbour yesterday afternoon to move to a standby location in the UK North Sea.

As soon as a weather window becomes available, the rig will be moved to the Varadero location on Block 28/9.

EnCore Oil plc  is an oil and gas exploration and production (E&P) company quoted on AIM .

EnCore has a balanced portfolio of offshore assets, based mainly in the UK Continental Shelf (UKCS) and a significant equity holding in AIM listed Egdon Resources plc .

EnCore has an experienced and proven management team, a number of whom were responsible for the discovery of the Buzzard field in the UK North Sea, which currently produces over 10 per cent. of the UK ’s total oil production.

All EnCore’s commercial and material technical evaluations are undertaken in-house by the EnCore team. This brings both continuity to the management and development of the assets and an ownership that is vital to unearth the best and most creative new ideas and opportunities.

[mappress]

Source: Encore Oil  ,December 9, 2010