Corcel plc has agreed a collaboration to identify, evaluate and acquire “a pipeline” of producing onshore oil and gas fields in Brazil. ADVANTAGE New partner Conterp Serviços Técnicos Ltda will contribute its local market knowledge and relationships, access to technology, services, equipment and expertise of asset management of onshore Brazil oil and gas fields. Corcel will […]
Tag: oil and gas
Union Jack spuds second Oklahoma well
Union Jack Oil plc has spud its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. EXPANSION Operator Reach Oil & Gas Company Inc expects to take eight days to drill Andrews 2-17 to a depth of circa 4,7000 ft, including perforating and flow-back if successful. Union Jack said its partner […]
Orcadian misses deadline to repay Shell debt
Orcadian Energy plc has missed the deadline to pay the $1.43 million debt owed to Shell International Trading and Shipping Company Ltd (Stasco). FUNDS The company, which aimed to secure funds by 5 July, said on the same date that the expected money had not arrived from an as yet unnamed industry partner. A statement […]
Deltic secures Pharos-Teviot discoveries
Deltic Energy plc has formally secured the Blackadder prospect and Pharos-Teviot discoveries, immediately west of the West Sole gas field. POTENTIAL Licence P2672, covering blocks 47/5e, 47/10c and 48/6c, was one of two provisionally awarded to the company in the third tranche of the UK’s 33rd offshore licensing round. Drilled in 2013, discovery well 47/05d-6 […]
Baron Oil renamed as Sunda Energy
Sunda Energy plc has been registered as the new name for Baron Oil plc. The company is currently preparing financing to drill an appraisal well in the Chuditch field, offshore Timor-Leste. In June, Sunda entered year three of the production sharing contract and aims to begin planned operations in 2025.
UKOG revenue falls at Horse Hill
UK Oil & Gas plc posted a fall in revenue following a decrease in oil production from Horse Hill within PEDL137 and PEDL246 near Gatwick Airport, Surrey. LICENCE Results from six months to 31 March, showed revenue fall to £600,000 while group operating loss decreased to £1 million compared with £1.3m for six months to […]