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Posted by Vincent on February 9, 2010, 9:49 am
Endeavour International Corporation is an independent oil and gas
company engaged in the acquisition, exploration and development of
energy reserves. As of December 31, 2008, the Company's exploration
portfolio consists of production licenses in both the United Kingdom and
Norway sectors of the North Sea and the United States. As of December
31, 2008, it had proved reserves of 32,797 million cubic feet (MMcf) of
natural gas and 3,555 thousands of barrels (Mbbls) of crude oil,
condensate and natural gas liquids (NGLs), for a combined 9,022 million
barrels of oil equivalent (MBOE). Nearly 75 % of its proved reserves are
located in the United Kingdom as of December 31, 2008. The Njord and
Brage fields each contributed approximately 17% of its 2008, production
with 590 and 544 MBOE, respectively. In May 2009, the Company sold its
subsidiary Endeavour Energy Norge AS, to VNG- Verbundnetz Gas AG.
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