Orcadian Energy plc has signed a non-binding heads of agreement for a farm-in on its southern North Sea licence containing the Earlham discovery. LOAN The deal also covers a potential redevelopment project to blow down the decommissioned Orwell gas field. The licence holds Earlham with a P50 contingent resource of 114 bcf sales gas, the […]
Tag: farm-in agreement
i3 Energy signs Serenity farm-in deal with Europa
i3 Energy plc has signed the farm-in agreement with Europa Oil & Gas Ltd for the UK Seaward production licence P2358, block 13/23c (Serenity) in the Outer Moray Firth area of the North Sea. DRILL DATE Following the farm-out, i3 will retain a 100% working interest in the remainder of Block 13/23c which contains the […]
i3 agrees Europa farm-in for Serenity oil field
i3 Energy plc has agreed 25% non-operated working interest farm-in for the Serenity oil discovery to Europa Oil & Gas (Holdings) Ltd. DISCUSSIONS Europa’s interest is in a sub-area of licence P2358 Block 13/23c, containing Serenity, for which it recently raised £7 million. The company will fund a 46.25% paying interest for one appraisal well […]