Deltic Energy plc has confirmed a gas discovery at the Selene joint venture in the UK southern North Sea. VOLUMES Operator Shell UK Ltd drilled 48/8b-3Z well, reaching its total depth of 3,540 metres TVDSS on 17 October and proved a “160 metre thick” section of Leman Sandstone. “The top of the Leman Sandstone was […]
Tag: Selene gas prospect – Southern North Sea
Deltic cuts costs and looks to invest overseas
Deltic Energy plc plans to cut costs and look for international projects, with an initial focus on early cash flows and faster cycle times, while continuing with its existing UK core assets. SELENE The company said that the “political and fiscal headwinds” had “hampered” the UK’s oil and gas industry in recent years” rendering it […]
Deltic JV spuds Selene exploration well
Deltic Energy plc said drilling had started on the Selene exploration well in the Southern North Sea. FARM-OUTS Partner and operator Shell UK Ltd expects operations on well 48/8b-3 within licence P2437 to take 90 days. Deltic estimates the Selene gas structure contains gross P50 prospective resources of 318 bcf in the Leman Sandstone reservoir. […]
Deltic expects Valaris unit at Selene
Deltic Energy plc said that the Valaris 123 drilling unit is on its way to the joint venture Selene well location in the southern North Sea. DRILLING Operator Shell UK Ltd expects to start the first drilling of 2024 shortly after, with planned operations lasting approximately 90 days. The well will collect key information on […]
Deltic completes 25% Selene farm-out to Dana
Deltic Energy plc has completed its 25% farm-out of southern North Sea licence P2437, containing the Selene gas prospect, to Dana Petroleum (E&P) Ltd. JOINT VENTURE The prospect holds gross P50 prospective resources of 318 bcf over 228km2, being “one of the largest undrilled structures in the world class Permian Leman Sandstone Fairway”. The transaction, […]
Deltic agrees 25% farm-out with Dana for Selene
Deltic Energy plc has agreed to farm out a 25% interest in licence P2437, containing the Selene gas prospect, to Dana Petroleum (E&P) Ltd. STRENGTHEN The transaction, along with the existing carry by operator Shell UK Ltd, leaves the company with a 25% non-operated interest in the licence. Deltic also has no exposure to 2024 […]