EnQuest plc has lowered its forecast due to “challenging” production at Magnus and Kraken fields in the North Sea as well as in Malaysia. CHALLENGING The group expects production for the year to be around 45,000 boepd, including the contribution from Golden Eagle. The figure is lower than the 46,000 and 52,000 boepd announced in […]
Tag: North Sea
Orcadian receives FPSO interests for Pilot oil field
Orcadian Energy plc said it had received three expressions of interest to provide an FPSO for the Pilot oil field development in the central North Sea. WIND POWER Three of four providers, currently operating FPSOs on the UK Continental Shelf, submitted detailed proposals. Orcadian expects discussions to take several months before it makes a decision. […]
Cairn shareholders approve Catcher-Kraken sale
Cairn Energy plc has received shareholder approval for the US$460 million sale of its Catcher and Kraken interests in the North Sea. The deal involves Cairn’s interest of 20% in Catcher and 29.5% in Kraken to Norwegian company Waldorf Production Ltd. The company’s shareholders voted on the proposal at a general meeting on 28 October.
Union Jack turns down further 25% in Claymore Piper
Union Jack Oil plc has decided not to acquire a further 25% interest in the Claymore Piper complex royalty units in the North Sea. CORE PROJECTS In March 2021, the company acquired a 2.5% interest in the complex, which at the time it said was attractive, cash generating and high yielding, and consistent with its […]
Hurricane production returns to pre-shutdown levels
Hurricane Energy plc announced that production had returned to pre-shutdown levels at its operations in the Lancaster field, West of Shetland. CARGO The company said that the production rate immediately following the annual shutdown was increased leading to the average oil rate for August being higher than in previous months. The 24th cargo of Lancaster oil […]
Orcadian licenses 3D seismic data for Pilot-Blakeney-Bowhead
Orcadian Energy plc has licensed a 3D seismic dataset covering the Pilot and Blakeney discoveries and the Bowhead prospect within block 21/27 in the North Sea. POTENTIAL The dataset received from TGS was shot during 2011 and 2012 and reprocessed to focus on the Tay discoveries and prospects during 2018 and 2019. Orcadian said that […]