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 […]
Tag: farm-out
Parkmead starts Greater Perth Area farm-out process
The Parkmead Group plc has started the farm-out process for its 100% development project in the Greater Perth Area (GPA) in the North Sea. GPA The company said it had engaged energy corporate finance advisory firm, Gneiss Energy Ltd, to find a suitable partner or partners for the project. The core Perth field holds some […]
Deltic completes farm-out with Cairn
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 […]
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% […]
JOG seeks £10-£15m and launches farm-out for GBA
Jersey Oil & Gas plc (JOG) said it was in discussions to raise £10 to £15 million and it had launched a farm-out process for its Greater Buchan Area (GBA) in the North Sea. The announcement follows publication earlier this month of a concept select report showing a potential 172 MMboe of 2C contingent resource […]