Premier Oil has lowered its full-year production guidance to 61,000-64,000 barrels per day from previous forecasts of 65-70 kboepd following problems in its biggest producer Catcher oil field. In today’s company results, Premier said it had produced on average 62.5 kboepd for the 10 month period ending 31 October 2020. The hydrocarbon exploration and production […]
Oil & Gas
IOG COO Mark Hughes to retire
Independent Oil and Gas plc has announced that its chief operating officer, Mark Hughes, is retiring for health reasons after a career spanning more than 40 years with Shell, Lasmo, Gaz de France, RWE Dea UK, INEOS Breagh and latterly IOG. Chief executive Andrew Hockey said: “Since he joined IOG in April 2018, Mark has […]
UKOG starts test at Horse Hill for increased oil flow
UK Oil & Gas plc (UKOG) has completed surface-based intervention operations at Horse Hill-1 well (HH-1) which has now been shut in for a long term pressure build-up test (PBU). The company, which owns 85.635% of HH-1, said that the test would provide the data necessary to understand whether the Portland reperforation programme had achieved […]
Egdon to submit plans for new well at Biscathorpe
Egdon Resources plc said it would apply for planning permission before the end of February 2021 for a new oil well at Biscathorpe in Lincolnshire. SIDE-TRACK The operating company has a 35.8% interest in PEDL253 and its joint venture partners include Union Jack Oil (30%). Egdon said that accessible drilling target areas had been identified, […]
Angus buys new equipment to reconnect Saltfleetby gas
Angus Energy has invested in new equipment to reconnect the Saltfleetby Gas Field in Lincolnshire to the national gas transmission network. Key Facts Energy reported that the hydrocarbon company has entered into agreements for a full fiscal metering and gas analysis system, two Caterpillar gas driven engine system, two Ariel Compressor Units, one of the […]
IOG to drill for southern North Sea gas in Q1
Independent Oil and Gas plc (IOG) said it was due to start drilling for gas in the Southern North Sea during the first quarter of 2021 and produce first gas during Q3. Today’s news comes as IOG, operator of its joint venture with CalEnergy Resources (UK) Ltd, awarded the rig contract for its core project […]