Angus Energy announces that its' wholly owned subsidiary, Angus Energy Weald Basin No. 3 Limited has entered into an off-take agreement for the entire production from the Saltfleetby Gas Field with Shell Energy Europe Limited, a division of Royal Dutch Shell plc. The terms of the agreement are in line with the assumptions used in our CPR and we are pleased to have such a robust partner for gas sales.

George Lucan, Managing Director: 
'We are pleased to have signed this agreement with Shell Energy which will cover all of the gas produced from Saltfleetby'.

The Saltfleetby Gas Field is located onshore UK in licence PEDL005, East Lincolnshire. The field was discovered in 1996 and produced gas from both the Westphalian Sandstones and Namurian reservoirs and was, upon discovery, the largest onshore gas field in the UK with a GIIP of 114 BCF. Production began in 1999 at rates exceeding 50 MMScf per day and produced gas, water, and condesnate was piped via a 10” pipeline to the nearby Theddlethorpe Gas Terminal (TGT) where it was processed and sent into the National Grid. Eight wells and several sidetracks have been drilled on the site.

KeyFacts Energy: Angus Energy UK country profile