North Sea Energy (UK) Ltd.
UPDATE ON DEVELOPMENT PLANS FOR POLLY DISCOVERY & JACKY PERFORMANCE
TORONTO, ONTARIO, August 7, 2009: North Sea Energy (UK) Ltd. (“NSE” or the “Company”) is
pleased to announce that plans are progressing for the development of the Polly oil field.
Development work has begun with an Environmental Assessment and Field Development Plan to
be submitted for approval to DECC by the end of 2010. Installation work is to commence in early
2011 with first oil expected in first half of 2011.
The development of Polly field is likely to be a subsea tieback of two wells from a single surface
location. A vertical appraisal well into the northern extension of the field and a horizontal
development well towards the south would be completed for production. The likely host facility
would be Jacky, although Beatrice Bravo may also be suitable. Additional sub-surface studies are
underway to evaluate production enhancement techniques that may increase the project value.
Partners in the Polly field are North Sea Energy (UK) Ltd. (20%), Ithaca (UK) Ltd. (40%), and Dyas
UK Ltd (40%). NSE would like to commend our technical team, and our partners for their work in
moving the Polly discovery towards ultimate development.
The Jacky field is now flowing at rates in excess of 11,000 bopd (1,100 net to NSE) as the
downhole pump has optimized results. The addition of the injection well in September 2009 will
support and maintain production levels through 2010 and beyond. A drilling rig has been
contracted for this work to commence shortly.
ABOUT NORTH SEA ENERGY UK LIMITED
North Sea Energy (UK) Ltd. is an independent oil and gas company formed in February 2007 with
a strategy of building a portfolio of exploration, development and producing assets in the UK North
Sea. Currently producing light oil from the Jacky Field, located in the Inner Moray Firth off the
Scottish coast, NSE is evaluating development of its Polly discovery located 2 km SE of the
Beatrice Field. NSE also maintains a portfolio of options on other exploration appraisal targets in
the UK North Sea.
For further information, please contact:
Auburn Partners, Investor Relations
North Sea Energy Inc.
(647) 430 8760