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. […]
Tag: Shell UK Ltd
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 given more time to find Pensacola partner
Deltic Energy plc has been granted more time to find a farm-in partner for the southern North Sea licence P2252 containing the Pensacola gas discovery. APPRAISAL The company had until the end of May to find £15 million for its share of the costs or withdraw from its 30% licence interest. Deltic today said that […]
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 […]
Deltic JV signs rig contract for Pensacola-Selene
Deltic Energy plc said that a rig contract has been confirmed for the Selene exploration and the Pensacola appraisal wells in the southern North Sea. SCHEDULE Joint venture partner and operator Shell UK Ltd will drill on licences P2437 and P2252 using the Valaris 123, a heavy duty jack-up rig. The contract and mobilisation beginning […]
Reabold expects £5.2m in second Corallian payment
Reabold Resources plc expects the second tranche payment from the sale of its investee company Corallian Energy Ltd to be distributed to former Corallian shareholders from today. USES Reabold will receive £5.2m from purchaser Shell UK Ltd, which follows the first sum of £3.2m received on 1 November 2022. The final payment, of £4.4m, is […]