Deltic Energy plc has confirmed a gas discovery at the Selene joint venture in the UK southern North Sea. VOLUMES Operator Shell UK Ltd drilled 48/8b-3Z well, reaching its total depth of 3,540 metres TVDSS on 17 October and proved a “160 metre thick” section of Leman Sandstone. “The top of the Leman Sandstone was […]
Tag: Deltic Energy plc
Deltic cuts costs and looks to invest overseas
Deltic Energy plc plans to cut costs and look for international projects, with an initial focus on early cash flows and faster cycle times, while continuing with its existing UK core assets. SELENE The company said that the “political and fiscal headwinds” had “hampered” the UK’s oil and gas industry in recent years” rendering it […]
Deltic CEO Graham Swindells steps down
Deltic Energy plc chief executive Graham Swindells has stepped down, effective immediately. His successor will be current chief operating officer Andrew Nunn. “Despite the recent challenges presented by the UK’s political and fiscal environment, I am proud of what we have achieved in establishing Deltic as one of the UK’s leading explorers,” said Mr Swindells. […]
Deltic JV spuds Selene exploration well
Deltic Energy plc said drilling had started on the Selene exploration well in the Southern North Sea. FARM-OUTS Partner and operator Shell UK Ltd expects operations on well 48/8b-3 within licence P2437 to take 90 days. Deltic estimates the Selene gas structure contains gross P50 prospective resources of 318 bcf in the Leman Sandstone reservoir. […]
Deltic expects Valaris unit at Selene
Deltic Energy plc said that the Valaris 123 drilling unit is on its way to the joint venture Selene well location in the southern North Sea. DRILLING Operator Shell UK Ltd expects to start the first drilling of 2024 shortly after, with planned operations lasting approximately 90 days. The well will collect key information on […]
Deltic secures Pharos-Teviot discoveries
Deltic Energy plc has formally secured the Blackadder prospect and Pharos-Teviot discoveries, immediately west of the West Sole gas field. POTENTIAL Licence P2672, covering blocks 47/5e, 47/10c and 48/6c, was one of two provisionally awarded to the company in the third tranche of the UK’s 33rd offshore licensing round. Drilled in 2013, discovery well 47/05d-6 […]