Europa Oil & Gas (Holdings) plc said that, following “disappointing” results, it would abandon and plug the SA02 well in the joint venture Serenity field. STRATEGY The company owns 25% of the project with operator i3 Energy plc holding 75%. The gross well cost is forecast to be £10.4 million with an estimated total cost […]
Tag: Europa Oil & Gas (Holdings) plc
i3 Energy spuds Serenity appraisal well
i3 Energy plc has spud the Serenity appraisal well on licence P.2358, block 13/23c in the Outer Moray Firth. SCHEDULE The operator owns a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. i3 expects that drilling programme will last some 30 days after which it will plug and […]
i3-Europa to drill Serenity appraisal well
i3 Energy plc plans to start drilling later this week on the SA-02 appraisal well in licence P2358, containing the Serenity discovery, in the Outer Moray Firth. OPTIMISATION The operator holds a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. “The well is designed to prove the extension […]
Europa agrees £1m loan from Union Jack
Europa Oil & Gas (Holdings) plc has agreed a £1 million loan from Wressle onshore hydrocarbon partner Union Jack Oil plc for its developments that could include the Serenity offshore oil discovery. TERMS The loan is for 18 months and secured against an unencumbered 10% interest in the Wressle field (PEDL180, and PEDL182), with associated […]
i3 Energy completes Serenity farm-out to Europa
i3 Energy plc has completed the farm-out to Europa Oil and Gas of a 25% working interest in Block 13/23c North (licence P2358) containing the Serenity oil discovery in the UK North Sea. TERMS Europa will fund 46.25% of the cost of the upcoming Serenity appraisal well up to a gross capped well cost of […]
Europa’s Inishkea gas licence to ‘remain live’
Europa Oil & Gas (Holdings) plc said that its FEL 4/19 licence, containing the large low risk, Inishkea gas prospect, would remain live until the Irish Government rules notifies otherwise. LICENCE TERMS On 7 August 2019, Europa announced the award of FEL 4/19 which is valid for 15 years and divided into four phases, the […]