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 […]
Oil & Gas
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 […]
Premier Oil production falls due to Catcher issues
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 […]