Europa Oil & Gas (Holdings) plc has ruled out renewing licence P2358, containing the Serenity oil discovery, in the Outer Moray Firth. COSTS The company holds a 25% farm-in with operator i3 Energy owning 75%. After an appraisal well in 2022 showed “disappointing” results the companies began talks on the field’s potential. Europa said its […]
Tag: Serenity oil discovery – Block 13/23c North – licence P2358
i3 Energy agrees £174m sale to Gran Tiera
i3 Energy plc has agreed to a £174.1 million (US$225.4m) cash and share bid for its entire share capital from Gran Tierra Energy Inc. RECOMMENDATION I3’s portfolio comprises operations in Central Alberta, Clearwater, Elmworth/Wapiti and Simonette in the Western Canadian Sedimentary Basin. The company also holds 75% of Outer Moray Firth licence P2358, containing the […]
i3-Europa begin talks on potential for Serenity
i3 Energy plc and Europa Oil & Gas (Holdings) plc have opened talks on acreage surrounding the Serenity oil discovery, which has become unlicensed. INVESTMENT Little progress has been made on the Blake, Tain and Serenity area while in October 2022 the partners abandoned the SA02 well which failed to show hydrocarbons. i3 said that […]
Europa looks to active year for off-onshore assets
Europa Oil & Gas (Holdings) plc said it expected an active coming year for its hydrocarbon assets offshore and onshore United Kingdom. WRESSLE In an operations report, the company looks to drilling during 2023 and preparations for 2024 at the joint venture (JV) onshore Wressle oil field in which it holds a 30% working interest. […]
Europa repays £1m loan to Union Jack
Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Europa-i3 to abandon Serenity SA02 well
Europa Oil & Gas (Holdings) plc said that, following “disappointing” results, it would abandon and plug the SA02 well in the joint venture Serenity field. STRATEGY The company owns 25% of the project with operator i3 Energy plc holding 75%. The gross well cost is forecast to be £10.4 million with an estimated total cost […]