Jersey Oil & Gas (JOG) announced that a new analysis showed a “significant” increase in 2C contingent resource estimate for the Buchan oil field within the Greater Buchan Area (GBA) in the Central North Sea. BUCHAN FIELD The independent upstream hydrocarbon company reported 126 million stock tank barrels (MMstb) of the P50 estimate of technically recoverable […]
Tag: oil and gas
Premier Oil proposes Alexander Krane as CFO
Premier Oil plc announced the appointment of Alexander Krane as chief financial officer from 15 April, following the company’s merger with Chrysaor. He will replace Richard Rose who is due to resign as interim chief executive officer and finance director on the same date. Mr Krane has more than 20 years’ experience in accounting, controlling […]
West Newton-A proposals include up to six new oil wells
Rathlin Energy (UK) Ltd said it planned up to six new wells at its West Newton-A site as the local authority decided the proposed extension would not require an environmental impact assessment. CONSULTATION The operator and its joint venture partners, which have two existing wells at West Newton-A, will conduct a public consultation over the […]
Neptune awarded six new Norwegian Sea licences
Neptune Energy has been awarded six new licences in the Awards in Predefined Areas (APA) 2020, announced by the Norwegian Ministry of Petroleum and Energy. Neptune Energy won four licences in the Norwegian North Sea and two in the Norwegian Sea. All the licences are located close to existing infrastructure in areas where the company […]
Spirit wins new North Sea-Norwegian Sea licences
Spirit Energy has won three new licences in the Awards in Predefined Areas (APA) 2020 round in the North Sea and Norwegian Sea. Production Licence 1049 B is in the North Sea where the operator is Equinor (40%) and partners are Petoro (20%) and Spirit Energy (20%). Production Licence 1112 is in the Norwegian Sea. […]
United remains within guidance on production increase
United Oil & Gas has announced that production remained within guidance following an increase from its Abu Sennan interest, onshore Egypt. PRODUCTION The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. In its fourth quarter results for 2020, United reported its second half net working interest averaged […]