Reabold Resources plc has completed its £1 million acquisition in cash and shares of Simwell Resources Ltd. ADJUSTMENT OF TERMS Simwell holds minority interests in four UK licences with partners Shell UK Ltd, Horizon Energy Partners Ltd and Ardent Oil Ltd in the Southern North Sea. The sales and purchase agreement (SPA) announced in September 2022, […]
Tag: Southern North Sea
Deltic Energy JV spuds Pensacola gas prospect
Deltic Energy plc’s joint venture partner has installed the Maersk Resilient rig and begun drilling on the Pensacola gas prospect in the Southern North Sea. PROSPECTIVE RESOURCES The company has a 30% working interest in licence P2252 located in the emerging Zechstein Reef play fairway. Deltic estimates Pensacola contains gross P50 prospective resources of 309 […]
IOG lowers H2 production guidance
IOG plc has lowered its production guidance due to planned and unplanned downtime scenarios and possible variation in Southwark first gas timing at its off-onshore Saturn Banks project in the UK Southern North Sea. PRODUCTION In the operator’s interim results for the first half of 2022, chief executive Andrew Hockey said that production over H2 […]
Neptune begins infill drilling for tenth Cygnus well
Neptune Energy has begun work on the tenth gas well with an infill drilling campaign at its operated joint venture Cygnus gas field in the southern North Sea. GAS HEATING Cygnus partners comprise Neptune as operator (38.75%) and Spirit Energy (61.25%). The company said that the operation had the potential to unlock enough gas to […]
Deltic partner Shell awards Pensacola rig contract
Deltic Energy plc’s joint venture partner Shell UK Ltd has awarded the rig contract to drill the Pensacola gas exploration well within licence P2252 in the southern North Sea. SCHEDULE The Maersk Resilient, which has been under contract to Shell since the start of June, will drill the well. The rig is currently drilling a […]
IOG needs further studies at shut-in Blythe well
IOG plc said it needed to conduct further processes and safety studies before reopening the shut-in Blythe well at its Saturn Banks project in the Southern North Sea. WORKSTREAMS The company and its offshore duty holder ODE Asset Management (ODEAM) are investigating the chemical injection fault on the Blythe platform which led to the Blythe […]