Hartshead Resources NL has completed the farm-out agreement with RockRose Energy Ltd for a 60% equity interest in its Seaward gas licence P2607 in the southern North Sea. TERMS The deal gives the Australian company gross A$196.3 million (£105m) for phase I of operations and A$536m (£287m) of gross project expenditure. RockRose’s initial cash payment […]
Tag: gas
West Newton JV commits to well path for WN B-2
Reabold Resources plc and its joint venture (JV) partners have committed to a well path for the West Newton B-2 (WN B-2) well in the East Riding of Yorkshire. JOINT VENTURE The company holds a 56% economic interest via its 59% share in operator Rathlin Energy (UK) Ltd, which has a 66.67% in PEDL183. In addition, […]
Deltic looks to bright future in developing gas assets
Deltic Energy plc said its future looked “extremely bright” as it moves into the development phase of its offshore gas interests in the southern North Sea (SNS). STRATEGY In audited results for 2022, chief executive Graham Swindells added the company expected to conduct appraisal work on Pensacola and Selene wells, “each of which will be […]
Angus completes initial B7T clean-up at Saltfleetby
Angus Energy plc has completed the initial clean up of the new B7T well at Saltfleetby in Lincolnshire. PRODUCTION The company said that the well was producing from an approximately 185m horizontal section in the main Westphalian reservoir at a vertical depth of 2292m. Following first production on 31 March the company has been cleaning […]
Angus fully commissions second compressor
Angus Energy plc reported that the second compressor was now fully commissioned and processing gas for export at Saltfleetby in east Lincolnshire. MAINTENANCE “Well completion continues on the sidetrack well SF7V with clean-up work awaiting coiled tubing due late March,” added the company. “The intervening time window offers a useful opportunity to perform regular maintenance […]
Predator pauses drilling MOU-2 due to sticky clays
Predator Oil & Gas Holdings plc has suspended drilling of the MOU-2 well after encountering “extremely sticky clays” which prevented wire logs from penetrating further at Guercif, onshore Morocco. RE-EVALUATION The sticky clays are in a geological formation overlying the Moulouya Fan primary objective. The company said it would re-evaluate the drilling programme through the […]