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 […]
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 […]