Serica Energy plc announced it had spud the Columbus 23/16f-CDev1 development well in the UK Central North Sea. On Wednesday (17 March), a Maersk Resilient heavy duty jack-up rig began drilling to a total depth of 17,600ft, and will include a 5,600ft horizontal section. Drilling is expected to take around 70 days. The Columbus development […]
Tag: Central North Sea
Union Jack ventures into North Sea
Union Jack Oil plc has acquired its first interests in the North Sea with a 2.5% cash generating royalty interest for $130,000 (£93,730) in the Claymore, Piper and Scapa oil fields. THREE FIELDS The acquisition from Cambridge Petroleum Royalties Ltd is a part of the royalty unit over 20% of the revenues from oil and […]
Deltic awarded six licences of 12 new blocks
Deltic Energy plc has been formally awarded six licences comprising 12 new blocks in the UK’s 32nd offshore licensing round. SEISMIC All the licences are on a 100% equity position, except P2558, which is jointly awarded with Shell UK holding a 70% working interest. Deltic said the awards reinforced its strategy of creating a steady ‘conveyor […]
JOG conditionally acquires Verbier oil discovery
Jersey Oil & Gas (JOG) plans to add a further 12% to its central North Sea interests with the acquisition of licence P2170 blocks 20/5b & 21/1d containing the Verbier oil discovery. ACREAGE The agreement sees the company acquire the entire issued share capital of CIECO V&C (UK) Ltd, owned by ITOCHU Corporation and Japan […]
JOG looks to ‘exciting’ future with larger portfolio
Jersey Oil and Gas plc (JOG) said it had exciting prospects with a strong cash position of £8.9 million for the first half the year and increased assets, despite trebling losses. RESOURCES Losses for H1 2020 before and after tax totalled £1.2m (H1 2019: £400,000) with expenditure related to the company’s flagship Greater Buchan Area development project […]
OGA notes joint power sites for oil-gas and wind farms
Shared electrification of offshore oil and gas industry and wind farms aimed at reducing greenhouse gas emissions has taken a step further by the Oil & Gas Authority (OGA). Areas identified with the most significant opportunities are West of Shetland, the Outer Moray Firth, Central North Sea and Southern North Sea. The OGA stated that […]