Hurricane Energy plc said it produced 9,500 bopd from the 205/21a-6 (P6) well during January 2022 at the Lancaster field, West of Shetland. PRODUCTION The 27th cargo of Lancaster oil, totalling approximately 530 Mbbls, was lifted on 25 January 2022 and priced at $81.4/bbl. The next cargo is anticipated to be lifted in late March 2022. January 2022 […]
Tag: oil
Tullow Oil ordered to pay $76m in dispute with HiTechVision
Tullow Oil plc has been ordered to pay $76 million to HiTecVision in relation to a dispute regarding the acquisition of Spring Energy. DECISION In a statement Tullow said that a panel of arbitrators, working under the jurisdiction of Norwegian law, had delivered an award in favour of HiTecVision. “The panel had been asked to […]
UKOG completes phase I seismic at Basur
UK Oil & Gas plc (UKOG) announced the completion of Phase I 2D seismic acquisition over the target area and trajectory of the proposed Basur-3 (B-3) mechanical sidetrack (B-3S), onshore Turkey. BASUR-RESAN UKOG’s wholly owned subsidiary, UKOG Turkey Ltd, holds a 50% non-operated interest in B-3 and the surrounding 305 km² Resan M47-b1, b2 licence […]
United starts 2022 drill campaign in Abu Sennan
United Oil & Gas plc announced the spudding of the ASD-2 development oil well in the Abu Sennan licence as the start of its drill campaign onshore Egypt. ASD-2 WELL United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. The ASD-2 is the first well in a fully funded four-well drilling […]
Egdon to appeal against refusal for Biscathorpe side-track
Egdon Resources plc said it would appeal against the refusal for a side-track drilling operation, associated testing and long-term oil production at Biscathorpe, Lincolnshire. DECISION In November 2021, Lincolnshire County Council (LCC) refused permission for the joint venture (JV) project on PEDL253. In a statement today, operator Egdon said it had decided to appeal after […]
Hurricane reaches bubble point without issues
Hurricane Energy plc said that the well gauge pressure reached and declined below the ‘bubble point’ during December without production issues at its Lancaster oil field, west of Shetland. OPERATIONS The company added that this was in line with the previous guided timing of between late December 2021 and mid-February 2022. The bubble point is […]