Deltic Energy plc has completed the farm-out of five of its southern North Sea gas licences with Cairn Energy plc. SEISMIC Both companies have received approval from the Oil and Gas Authority and entered into joint operating agreements for licences. The agreement, through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd, was first announced in August […]
Tag: Deltic Energy plc
Deltic-Shell complete Pensacola well site survey
Deltic Energy plc and partner Shell UK Ltd have completed the final phase of the site survey over the planned location for the Pensacola gas exploration well in the southern North Sea. DRILL The survey on licence P2252 was completed by 20 October, on budget and without incident. Deltic said that operator Shell had confirmed […]
Deltic grants 34m share options
Deltic Energy plc has granted options over a total of 34 million ordinary shares in the company to its directors, senior management and employees. DIRECTORS The options, granted at an exercise price of 2.05 pence each, are in accordance with the company’s enterprise management incentives plan and subject to certain share price performance criteria. Chief […]
Deltic JV completes Pensacola geophysics survey
Deltic Energy plc and its partner have completed the geophysical site survey over the planned Pensacola gas exploration well site in the southern North Sea. PROGRESS Fugro GB North Marine Ltd, for Deltic and operator Shell UK Ltd, began the survey within licence P2252 on 8 September and finished on 14 September. Interpretation of results […]
Deltic to start 3D seismic over Cupertino
Deltic Energy plc is to start 3D seismic data acquisition over licence P2428, containing the Cupertino prospect, and surrounding areas in the southern North Sea. PARTNER The seismic vessel, under contract to ION Geophysical, has mobilised to site and is due to begin the survey on 11 September. The acquisition of approximately 700km2 of 3D seismic data, […]
Deltic agrees farm-out for five licences with Cairn
Deltic Energy plc has entered into a binding conditional farm-out for five of its southern North Sea gas licences with Cairn Energy plc. QUALITY The natural gas-focused company signed the deal through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd. Cairn will acquire a 60% interest in P2428 (Cupertino Area) and P2567 (Cadence) and a 70% […]