Deltic Energy plc said the estimated oil and gas resources have nearly doubled for the joint venture (JV) Pensacola discovery on licence P2252 in the UK North Sea. ANALYSIS The company’s post-well analysis now estimates the structure to contain gross P50 initially in place volumes of gas and oil of 342 million barrels of oil […]
Tag: North Sea
Reabold CPR bolsters farm-out plans for licences
Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR). POTENTIAL RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%). Reabold acquired the licences in May 2022 […]
Hurricane Q1 revenues reach $39.3m
Hurricane Energy plc recorded revenues of $39.3 million for the first quarter of 2023 from its operations on the Lancaster field, west of Shetland in the North Sea. OPERATIONS The company’s unaudited trading report shows production of 0.66 MMbbls with an average of 7,311 bopd, and oil sales of 0.5 MMbbls from one cargo. At […]
NSTA 33rd licensing round attracts more than 100 bids
A total of 76 companies submitted an aggregate 115 bids across 258 blocks and part-blocks in the UK’s 33rd offshore oil and gas licensing round, said the North Sea Transition Authority (NSTA). PRODUCTION Offered acreage across the North Sea includes four priority areas, which have known oil and gas, in which there was “very keen […]
NSTA sanctions EnQuest and fines Spirit
EnQuest plc and Spirit Energy Ltd are two of three operators fined a total £265,000 for breaches in operations by the North Sea Transition Authority (NSTA). PENALTIES EnQuest was sanctioned and fined £150,000 for flaring an excess 262 tonnes of gas on the Magnus field between 30 November and 1 December 2021 “despite knowing that […]
Serica yet to find commercial results in North Eigg
Serica Energy plc said it was yet to find commercial quantities of hydrocarbons during drilling the North Eigg exploration well in the UK North Sea. OPERATIONS The company drilled well 3/24c-6B to a total depth of 16,728 feet and encountered 16 feet of hydrocarbon-bearing sands. “These have confirmed the presence of hydrocarbons at a deeper […]