Northern Petroleum Plc is pleased to announce that GM-ES-4, the third well of the current four well exploration programme in the Guyane Maritime Permit (French Guiana) has been spudded by Shell as Operator on 3rd May 2013.
Northern through holding 50 per cent of Northpet Investments Limited, owns a net 1.25 per cent interest in the offshore exploration licence `Guyane Maritime'. Northern is in partnership with Shell (Operator, holding 45 per
cent), Total (25 per cent), Tullow Oil (27.5 per cent) and Wessex Exploration (also holding 1.25 per cent through owning the remaining 50 per cent interest in Northpet Investment Limited).
Keith Bush, Chief Operating Officer of Northern stated:
"This is a new, exciting opportunity for the joint venture to further establish the oil production potential in French Guiana. We look forward to the results of this well with great interest."
