Predator Oil & Gas Holdings plc said it would continue looking for joint venture partners as it progresses with its gas operations in Morocco. MOROCCO The company has interests in Morocco, Trinidad and downstream Ireland. In onshore Morocco, Predator is still discussing a joint venture to finance early development of Guercif gas for the compressed […]
Tag: oil and gas
UKOG applies for three more Turkey oil licences
UK Oil & Gas plc (UKOG) and its joint venture partner Aladdin Middle East (AME) have applied for three further exploration licences in the southeast of Turkey. UNDRILLED FEATURES The application covers four 150 km² blocks to the south and southeast of the company’s 305km² Basur-Resan licence, with UKOG responsible for its 50% share of […]
West Newton B-1Z oil drill surpasses expectations
The West Newton joint venture reported drill results exceeding expectations, suggesting the site could be the largest UK onshore hydrocarbon discovery since the 1970s. JOINT VENTURE Rathlin Energy UK (Ltd) has a 66.67% interest in PEDL183, and Reabold Resources plc investment company has a 59% share in Rathlin and a 16.665% direct licence share. Union […]
IOG accepts new gas licences with ‘good synergies’
Independent Oil and Gas plc (IOG) said it saw good synergies from its new gas licences in the UK Southern North Sea (SNS). LICENCES During 2020, the production and infrastructure company conducted 3D seismic reprocessing over its UK SNS portfolio covering more than 1,200km². Areas include P2085 (Harvey) and P2441 (Redwell) licences accepted by the […]
United has potential 2.4 billion barrels oil on Walton Morant licence
United Oil & Gas plc said a potential of more than 2.4 billion barrels of oil had been identified in its 100% owned 22,400km2 Walton Morant licence, Jamaica. RESOURCE Gaffney Cline & Associates published the figures in a new independent prospective resources report. United is due to drill the first exploration well offshore Jamaica for […]
Cuadrilla surrenders its Lancashire shale gas permit
Shale gas company Cuadrilla Bowland Ltd has surrendered its exploration permit for the Bowland Basin in Preston, Lancashire. MORATORIUM The Environment Agency (EA) said today that the company, owned by Australian mining and infrastructure company AJ Lucas, had returned the site to a satisfactory state. The EA added that Cuadrilla had also taken necessary steps […]