Egdon Resources plc said that production had exceeded 390,000 barrels of oil from the Wressle joint venture (JV) in North Lincolnshire. PARTNERS The JV with interests in PEDL180 and PEDL182 comprises Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). OPERATIONS The production figure was reported to […]
Tag: oil
Orcadian agrees non-binding deal to sell Crinan-Dandy
Orcadian Energy plc has entered into a non-binding heads of agreement with Rapid Oil Production Ltd to sell its interests in the Crinan and Dandy discoveries. NON-CORE ASSETS Mobil discovered Crinan and Dandy in 1987 and 1990 respectively, before they were appraised by Monument in 1998. Crinan straddles the boundary between Orcadian’s block of 21/28a and […]
UKOG to drill new oil target of Pinarova in Resan
UK Oil & Gas plc (UKOG) said it planned to drill a new 9km2 shallow oil accumulation located 6 km north of the Basur-1 oil discovery in the Resan joint venture licence, Turkey. PINAROVA The company holds a 50% interest with Aladdin Middle East (50%) in the project. UKOG added that analysis of the Q3 2022 […]
Tullow signs Côte d’Ivoire PSC licence
Tullow Oil plc has signed a production sharing contract (PSC) for exploration licence CI-803, offshore Côte d’Ivoire. STRATEGY The company will be the operator with 90% equity while PetroCi* holds 10% Licence CI-803 covers 1,345 km2 and is next to licence CI-524 which is Tullow also operates on the same interest with PetroCi. Tullow said […]
Block starts drilling well extension to test 200 MMbbls in Patardzeuli oil field
Block Energy plc has started drilling on the JSR-01DEEP well, an extension to the JSR-01 well, to test contingent resources of over 200 million barrels (MMbbls) in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The start of operations marks the beginning of Project II of the company’s three-project strategy in Georgia. Block […]
Block notes 2P reserves of 1.07 MMbbl for West Rustavi / Krtsanisi oil field
Block Energy plc reported field gross 2P reserves of 1.07 MMbbls in a competent persons report (CPR) on part of the West Rustavi and Krtsanisi oil field in Georgia. PROJECT I Chief executive Paul Haywood said that the CPR had independently verified the company’s work and plans for the initial phase of Project I. The CPR, […]