Deltic Energy plc has identified around 904 bcf in the P50 estimate of potential gas over three targets in its southern North Sea licence P2428, containing the Cupertino prospect. PARTNER The company, which is seeking suitable partners to develop the prospects, said that the prospective resources range from 205bcf in the P90 estimate to 2.97 […]
Oil & Gas
West Newton joint venture reports mixed drill results
Onshore hydrocarbon exploration operator Rathlin Energy reported mixed results from drilling the onshore WNB-1 well in West Newton, East Yorkshire. The company began drilling in October and reached a depth of 2,295 metres, aiming to encounter the primary and secondary objectives of the Kirkham Abbey and Cadeby formations. Rathlin said that the Kirkham Abbey formation […]
Block nears Schlumberger Rustaveli acquisition
Block Energy plc said it had made some amendments to the sale and purchase agreement of Schlumberger Rustaveli Company Ltd (SRCL) in Georgia. TERMS The company’s agreement with Schlumberger to acquire its subsidiary SRCL, covering Blocks XIB and IX, had been delayed due to Covid-19. Completion will be next Monday (23 November) and subject to Block […]
Helium One to use £6m for aggressive drilling
Helium One Global has raised £6 million to fund infill seismic acquisition and to drill three wells during the first half of 2021 at its Rukwa project in southwest Tanzania. AMALGAMATION The £6 million was raised by the conditional placing of 211,267,597 ordinary shares at 2.84 pence per share and was “significantly oversubscribed”. The company also announced […]
Block able to receive gas at West Rustavi EPF
Block Energy plc said its wells could now receive gas in readiness for the installation of the sales pipeline in West Rustavi, Georgia. TESTS The company has on time and budget completed construction of the gathering line between the early production facility (EPF) on the West Rustavi oil and gas field and WR-38Z. “The pipeline […]
UK oil and gas supply chain needs energy transition deals
The UK’s oil and gas sector had a unique role to play in the energy transition but commercial opportunities also had to be created, said members of an industry task force. Director with the Oil and Gas Authority (OGA) Stuart Payne and Petrofac COO John Pearson set out their ideas on how the industry could […]