Hurricane Energy plc said it planned to discuss with shareholders the funding and development of the Lancaster oil field, West of Shetland. DEVELOPMENT COSTS Ahead of a decision, Hurricane will focus on a new production well in 2021 in the central attic high of the Lancaster field, by re-entering and side-tracking the existing 205/21a-7z well. […]
Oil & Gas
Premier and Chrysaor to form Harbour Energy
Chrysaor Ltd and Premier Oil plc’s proposed reverse takeover will result in a new name for the company of Harbour Energy plc. Harbour Energy will be the largest London-listed independent oil and gas company by production and reserves. The company’s board will comprise 11 directors including six independent non-executive directors, two non-executive directors appointed by funds […]
Premier to meet production target ahead of Chrysaor deal
Premier Oil plc reported it produced an average 61.2 kboepd for the first 11 months of 2020 and expected to meet its full-year guidance of 61‐64 kboepd. The company, currently engaged in a reverse takeover with Chrysaor, said 2021 production would be marginally higher at 61-66 kboepd, reflecting new production its operated Tolmount gas field […]
Premier Oil CEO Tony Durrant steps down from board
Premier Oil chief executive Tony Durrant stepped down today (16 December) from the company’s board of directors. He will remain CEO until 31 December 2020. Finance director Richard Rose will be the interim chief executive from 1 January 2021 until completion of Premier’s proposed merger with Chrysaor. Chief operating officer Stuart Wheaton will be interim […]
Cairn Energy appoints Nicoletta Giadrossi as chair
Cairn Energy plc has appointed Nicoletta Giadrossi as chair of the company with effect from 1 January 2021. She will succeed Ian Tyler who, after seven years on the Cairn board including six as chairman, announced in May 2020 that he would retire from the board on appointment of a successor. Ms Giadrossi is one […]
Predator seeks Guercif JV as operations progress
Predator Oil & Gas Holdings plc said it would continue looking for joint venture partners as it progresses with its gas operations in Morocco. MOROCCO The company has interests in Morocco, Trinidad and downstream Ireland. In onshore Morocco, Predator is still discussing a joint venture to finance early development of Guercif gas for the compressed […]