Valiant agrees farm-out for Tybalt well

Valiant Petroleum, the operator of the Tybalt appraisal well in the North Sea, has signed a 'farm-out' agreement with its current partner in the project, Agora Oil.

Valiant Petroleum, the operator of the Tybalt appraisal well in the North Sea, has signed a 'farm-out' agreement with its current partner in the project, Agora Oil.

The move will see Agora increase its stakeholding to 40%, in return for a partial cost carry. Valiant will remain operator with a 60% interest.

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