Another proposed UK offshore oil project has taken a decisive step forwards with the three owners of the Marigold field entering into an agreement that will underpin the field’s development and enable at least one additional project.
A unitisation and unit operating agreement will see Hibiscus Petroleum, Ithaca Energy and Caldera Petroleum jointly develop the Marigold West and Marigold East fields as subsea tie-backs to the Piper Bravo platform.
