Reabold Resources plc has been granted a further two years for the joint venture Innovate licence P2478 containing Dunrobin and Golspie prospects in the northern North Sea. PHASE A The UK North Sea Transition Authority granted the extension to Phase A with a drill decision on or before 14 July 2025. Reabold, with a 36% […]
Tag: North Sea Transition Authority – NSTA
Hartshead submits Anning- Somerville FDP
Hartshead Resources NL has submitted its phase I field development plan (FDP) for the Anning and Somerville joint venture gas developments in the southern North Sea. PRODUCTION The FDP includes the subsurface interpretation, planned development wells, production forecasts and facilities, gas transportation route to market, QHSE, and commercial and economic aspects of the development. The […]
JOG granted further 18 months for Buchan
Jersey Oil & Gas plc (JOG) has received regulatory approval for an 18-month extension until 28 February 2025 to the second term of its P2498 Buchan licence in the central North Sea. FARM-OUT The North Sea Transition Authority (NSTA) also granted permission for the company to assign a 50% working interest in the licence and […]
Hurricane progresses sale to Prax on NSTA approval
Hurricane Energy plc’s sale to Prax Exploration & Production plc continues to progress following approval by the North Sea Energy Transition (NSTA). COURT SANCTION Hurricane announced on 4 May that the majority of shareholders had approved the sale and that on 24 May the National Security and Investment condition had been satisfied. Today the company […]
Hartshead nears submission of Anning-Somerville FDP
Hartshead Resources NL expects to submit the field development plan in the next few weeks to the industry regulator for Phase I development of the Anning and Somerville gas fields in the southern North Sea. PHASE I Phase I comprises six production wells produced through two un-manned minimum facilities platforms tied back via a 40km […]
Orcadian refused more time for licence P2320
Orcadian Energy plc’s proposed sale and farm-out of interests in sub-areas of licence P2320 have terminated after the industry regulator refused a second extension. NSTA The company said that following extensive discussions, the North Sea Transition Authority (NSTA) had refused to extend Phase A of P2320, causing the licence to expire on 14 May 2023. […]