Angus Energy plc said it would use new seismic data to reinterpret and remap Lidsey oil field near Bognor Regis, West Sussex. COMPLETE PICTURE Previous seismic mapping failed to define the reservoir accurately, prompting the company to link the newly acquired data to existing seismic lines across the structure in the vicinity of the two […]
Tag: oil and gas
Scirocco JV awards seismic contract for Ruvuma
Scirocco Energy plc said that the seismic acquisition contract has been awarded for the 3,447km2 Ruvuma joint venture (JV) in southeast Tanzania. AGREEMENT JV partner ARA Petroleum Tanzania Limited (APT) awarded the contract to Africa Geophysical Services Ltd (AGS) for the seismic programme. Scirocco holds a 25% working interest in the Ruvuma petroleum sharing agreement […]
Cairn completes acquisition of Egyptian assets
Cairn Energy plc has completed its acquisition of a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt. VALUE The company and its consortium partner Cheiron Petroleum Corporation completed the purchase from Shell Egypt NV and Shell Austria GmbH (Shell). Cairn’s subsidiary, Capricorn Egypt, acquired 50% of […]
Cairn appoints Eleanor Rowley as MD, Egypt
Cairn Energy plc has appointed Dr Eleanor Rowley as managing director, Egypt. The move follows the company’s acquisition of assets in the Western Desert. Dr Rowley was previously vice-president exploration at TotalEnergies for the Middle East, Caspian, North Africa and Southern Europe.
IOG raises £8.5m via placing-subscription
IOG plc raised £8.5 million through a placing and subscription of 33,800,000 new ordinary shares each at a price of 25 pence with existing and new investors. BOARD AND PDMR Certain directors and persons discharging managerial responsibilities (PDMRs) have entered into direct subscription agreements with the company for a total of 200,000 shares raising approximately […]
Rockhopper looks to Navitas as new Falklands partner
Rockhopper Exploration plc said it was in discussions with potential partner Navitas Petroleum LP after Harbour Energy plc decided against proceeding with the Sea Lion project in the North Falkland Basin. HARBOUR In its interim results published today, Harbour said it had undertaken a thorough review of the Sea Lion project in which it has a […]