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 […]
Tag: North Sea
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 […]
i3 Energy spuds Serenity appraisal well
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 […]
Scirocco to receive up to £267,000 from Corallian sale
Scirocco Energy plc stands to receive up to £267,000 from its minor share in Corallian Energy Ltd, part of which has been conditionally sold. INVESTMENT Investor Reabold Resources plc announced earlier this week that it was due to sell its stake in Corallian for £32 million gross. In 2018, Scirocco subscribed for 83,333 shares at […]