Egdon Resources plc (AIM:EDR) has sealed the farm-in agreement with Shell in respect of offshore North Sea licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. The Oil and Gas Authority (OGA) approved the transfer of a 70% interest and operatorship in both licences, and Egdon retains a 30% interest in the licences. […]
Tag: extractive industries
UKCS production losses fall 25% as efficiency rises
The UK Continental Shelf (UKCS) last year saw an improved production efficiency for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target. REGIONS Figures from the 2019 Production Efficiency Report by the Oil and Gas Authority (OGA) show an increase of five percentage points from 2018, with every […]
Condor Gold makes ‘significant progress’ in de-risking La India
Condor Gold announced it had made significant progress in de-risking its open pit, associated mine infrastructure and planned operation plant at La India project in Nicaragua. RESOURCES The company said it had 1.12 million ounces of gold open pit mineral resources, including 8,583 thousands of tonnes (Kt) at 3.3g/t of gold for 903,000 oz gold […]
Angus submits revised plans for extended well test at Balcombe
Angus Energy plc has submitted revised plans for an extended well test and ruled out any use of hydraulic fracturing at the Balcombe oil field near Crawley in Sussex. LIMESTONE Local residents have protested against the project and slowed vehicles entering the site. “As previously, the company would like to make clear once more that […]
Egdon starts site works on Wressle JV oil field
Egdon Resources plc has started site works on the joint venture (JV) Wressle oil field near in the East Riding of Yorkshire. DESIGNS The site is in PEDL180 and PEDL182 where Egdon holds a 30% operated interest. The company said that a civils contractor had mobilised and works to reconfigure the Wressle production site had […]
Angus signs gas off-take deal with Shell
Angus Energy plc has signed an off-take agreement with Shell Energy Europe Ltd, a division of Royal Dutch Shell plc, for the entire production from the Saltfleetby gas field in Lincolnshire. TERMS “We are pleased to have signed this agreement with Shell Energy which will cover all of the gas produced from Saltfleetby,” said managing director […]