Premier Oil said that it had completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft following approval from the Indonesian government. Under the farm down agreement, the Russian state-controlled oil company will carry Premier for its share of a two-well campaign to appraise the Tuna discoveries, scheduled to commence […]
Oil & Gas
JOG’s new analysis shows 50% increase in Buchan estimate
Jersey Oil & Gas (JOG) announced that a new analysis showed a “significant” increase in 2C contingent resource estimate for the Buchan oil field within the Greater Buchan Area (GBA) in the Central North Sea. BUCHAN FIELD The independent upstream hydrocarbon company reported 126 million stock tank barrels (MMstb) of the P50 estimate of technically recoverable […]
Premier Oil proposes Alexander Krane as CFO
Premier Oil plc announced the appointment of Alexander Krane as chief financial officer from 15 April, following the company’s merger with Chrysaor. He will replace Richard Rose who is due to resign as interim chief executive officer and finance director on the same date. Mr Krane has more than 20 years’ experience in accounting, controlling […]
West Newton-A proposals include up to six new oil wells
Rathlin Energy (UK) Ltd said it planned up to six new wells at its West Newton-A site as the local authority decided the proposed extension would not require an environmental impact assessment. CONSULTATION The operator and its joint venture partners, which have two existing wells at West Newton-A, will conduct a public consultation over the […]
Predator’s Q2 Guercif gas drill gives it pivotal position
Predator Oil & Gas (Holdings) plc said it hoped to start drilling during Q2 2021 at its Guercif gas project in Morocco as the international Covid-19 vaccination programme is expanded. The company said that co-ordination of operations was being conducted with other operators planning to drill during the second quarter in northern Morocco once restrictions […]
Predator looks to increase Inniss-Trinity production
Predator Oil & Gas (Holdings) plc said it could expand production following excellent results from its pilot CO2 enhanced oil recovery (EOR) in the Inniss-Trinity field onshore Trinidad. INNISS-TRINITY The Inniss-Trinity field lies in South Trinidad within the Eastern Venezuelan Basin – one of the largest oil provinces in the world. The pilot CO2 EOR focuses […]