Deltic Energy plc is marking 2021 as a year of achievement and progress ahead of drilling the first exploration well in its Southern and Central North Sea portfolio. AGREEMENTS For its audited results for the year ended 31 December 2021, the company confirmed its first exploration well on the Pensacola prospect (licence P2252). The rig selection […]
Tag: oil & gas
i3 Energy signs Serenity farm-in deal with Europa
i3 Energy plc has signed the farm-in agreement with Europa Oil & Gas Ltd for the UK Seaward production licence P2358, block 13/23c (Serenity) in the Outer Moray Firth area of the North Sea. DRILL DATE Following the farm-out, i3 will retain a 100% working interest in the remainder of Block 13/23c which contains the […]
UKOG notes potential for hydrocarbon accumulation at Basur-Resan
UK Oil & Gas plc (UKOG) said that new completed seismic data could indicate a single hydrocarbon accumulation present over the entire 60km² Basur-Resan anticline. BASUR-RESAN The Basur-Resan anticline containing the Basur-1 oil discovery lies within the surrounding 305 km² Resan M47-b1, b2 licence. The company’s wholly owned subsidiary, UKOG Turkey Ltd, holds a 50% […]
Baron Oil to relinquish legacy Peru block
Baron Oil plc today said it had requested the relinquishment of its legacy licence block XXI in Peru. OPPORTUNITIES The company added that since 2017 it had been frustrated in its attempts to access the area to carry out its operations. Baron previously set out four requirements necessary for its 100% subsidiary Gold Oil Peru […]
Hurricane raises reserves estimate and lowers guidance
Hurricane Energy plc has increased its estimate of reserves and reduced its production guidance at the Lancaster oil field, west of Shetland. The company attributed the decrease to the impact of the annual maintenance shutdown in Q3 of the FPSO. RESERVES Hurricane said that the estimated increase in reserves was due to an improvement in […]
Europa strong financial results driven by Wressle
Europa Oil & Gas (Holdings) plc said it had recorded its strongest interim results since H1 2014 with a four-fold increase in revenue driven by Wressle oil production and high prices. The company has oil and gas exploration, development and production interests in the UK, Morocco and Ireland FINANCES In its interim results for the […]