Global Leader in International Oil and Gas Industry News

posted in:

Sterling Resources prepares for drilling in South Cladhan

Tuesday, Feb 21, 2012

CALGARY, Feb. 21, 2012 /CNW/ - Sterling Resources Ltd. (TSXV: SLG) ("Sterling" or the "Company") is pleased to announce that it has contracted the Transocean Sedco 704 semi-submersible drilling rig to drill an exploration well in the South Cladhan area in UK North Sea Block 210/29c. The rig is due on location in March with the timing dependant on its current work program for Premier Oil.

This will be the first well to be drilled in a channel system in this block
which is due south of Sterling's main Cladhan field in Blocks 210/29a and

The partnership in South Cladhan (Block 210/29c) is composed of Sterling, which as operator holds a 25 percent interest, Valiant Exploration Ltd. with a 30 percent interest, Wintershall UK North Sea Ltd. with a 25 percent interest and Agora Oil and Gas UK Ltd. with a 20 percent interest.

Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania, France and the Netherlands.  The shares are listed and posted for trading on the TSX Venture Exchange under the symbol "SLG".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sterling Resources Ltd.

To access over 2,500 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

AVEVA provides Integrated Engineering & Design solutions to TOTAL E&P Nigeria Limited 18-04-2014
Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014