Xcite Energy (LON:XEL) told investors a deal has been struck with StatOil and EnQuest (LON:ENQ) over potentially sharing infrastructure.
Together they will analyse and develop proposals relating to shared gas import infrastructure for Xcite’s Bentley field, StatOil’s Brassey field and Cairn’s Kraken.
Xcite chief executive Rupert Cole said: "We are pleased to continue to work with Statoil and extend this to include EnQuest in the assessment of this shared infrastructure.
“This new collaboration with Statoil and EnQuest to assess this shared infrastructure is an important initiative, which highlights the scope of potential opportunities available to our respective projects.
“I believe that today's announcement further demonstrates that additional value can be created by companies collaborating in key development activities and it reinforces our commitment to maximising economic recovery from the area immediately surrounding the Bentley field."