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 […]
Tag: i3 Energy plc
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 […]
i3 Energy appoints John Festival as non-executive chairman
Oil and gas company i3 Energy plc has appointed John Festival as non-executive chairman, effective immediately. Interim chairperson Linda Beal remains as a non-executive director (NED) and chair of the audit and governance committees. Mr Festival has been a NED with i3 since December 2020 when it acquisition Toscana Energy Income Corporation, where he had […]
i3 Energy increases quarterly production
i3 energy plc reported an increase in production as it progressed its interests in Canada and the UK North Sea. PRODUCTION The company’s Q2 2022 operational and financial report showed average production of 19,502 boepd, a 116% increase compared with Q2 2021 and an 8% increase from Q1 2022. i3 recorded the increase despite production […]
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 […]
i3 Energy publishes first annual ESG report
i3 Energy plc has published its first annual environment, social and governance (ESG) report for its oil and gas operations in the UK North Sea and Alberta, Canada. EMISSIONS A total of 82% of i3’s production is gas and natural gas liquids. i3 said it was committed to being net zero for Scope 1 and Scope […]