June 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Endeavour International Corp. (AMEX: END) (LSE: ENDV) said an agreement has been reached for production facilities for the Columbus field in Blocks 12/16f and Block 23/16f under development in the United Kingdom sector of the Central North Sea.

Endeavour holds a 25 percent interest in the field, which is expected to begin producing in the second half of 2012.  

William L. Transier, chairman, chief executive officer and president of Endeavour, said, "This agreement is a critical milestone as it adds considerable certainty that production from the Columbus field will begin on our current timetable."

Under the agreement, BG International will carry out Front End Engineering and Design work for a Bridge Linked Platform that will connect Columbus production to the Lomond field and provide gas and condensate reception facilities.

The Columbus field was discovered in 2006 and subsequently appraised in 2007 through the drilling of two additional wells. Partners in the field include the operator, Serica Energy (, with a 50 percent interest and EOG Resources United Kingdom, which holds a 25 percent interest.  

UK-based Endeavour International 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.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [olgssglo] [nwdlsldw] [erpnpre] [ftrdnwswnd] [ntrntnlcmpnsbsnss] [untdkngdm] [ntrlrsrcxplrtn]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.