Serica Energy plc has received final regulatory approval to develop its 100% owned and operated Belinda field in the Triton area of the UK central North Sea. TRITON The company plans to drill the development well in the first half of 2025, before tying back the field to the Triton FPSO, with production due to […]
Tag: UK central North Sea
Capricorn agrees final payments for Catcher and Kraken
Capricorn Energy plc has agreed the final settlement of the subsequent payment terms with Waldorf Production UK plc from the sale of its previous assets in the Catcher and Kraken fields. PAYMENTS Under revised terms, Capricorn will now receive $72.5 million over the next 13 months and Waldorf’s 25% non-operated working interest in the Columbus […]
JOG extends Verbier licence by three years
Jersey Oil & Gas plc (JOG) has been granted a three-year extension for the P2170 Verbier licence as it finalises plans for the Great Buchan area (GBA) development. FIELD DEVELOPMENT PLAN The North Sea Transition Authority (NSTA) granted the second-term extension until 29 August 2026, allowing the company and farm-out partner NEO Energy time for […]
United reports potential contingent resources at Maria
United Oil & Gas plc reported potential “significant near-term” returns from contingent resources on the Maria discovery within licence P2519 in the UK Central North Sea (CNS). MARIA The company’s 100% owned licence P2519 includes blocks 15/18e and 15/19c and covers some 225 km2. The licence contains the existing Maria discovery in the Forties Sandstone, […]
Deltic advances North Sea gas licences and seeks new investments
Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the Southern and Central North Sea. In its full year results ended 31 December 2020, the company reported net cash outflow from operations and investing activity of £1.8m (2019: £1.8m), and a cash position of £12m (2019: £13.8m) following an increase in […]
EnQuest to buy Suncor’s North Sea Golden Eagle interest
EnQuest plc said it had agreed to buy Suncor Energy UK’s 26.69% non-operated interest in the producing Golden Eagle area for an initial consideration of $325 million (£235m). The area, in the UK central North Sea, comprises the producing Golden Eagle, Peregrine and Solitaire fields. The company said that the deal, expected to conclude by […]