Orcadian Energy plc said it had received three expressions of interest to provide an FPSO for the Pilot oil field development in the central North Sea. WIND POWER Three of four providers, currently operating FPSOs on the UK Continental Shelf, submitted detailed proposals. Orcadian expects discussions to take several months before it makes a decision. […]
Tag: UK Continental Shelf
Spirit aims to extend life of Grove NE field with new well
Spirit Energy said it would drill a new well in the Grove North East area which could extend the field’s life by five years to 2028 and improve prospects of additional opportunities in the area. The hydrocarbon exploration and production (E&P) company has studied several options including horizontal, simple vertical and platform deviated wells, subsea […]
JOG identifies 222MMboe and new North Sea prospect
Jersey Oil and Gas (JOG) said that an average of 222 million barrels of oil and a “significant” new prospect in its North Sea acreage have been identified in a comprehensive subsurface evaluation. The upstream hydrocarbon company, which added a further 12% to its offshore licence areas in November, said that the amount of oil […]
Deltic awarded six UKCS licences of 12 new blocks
Deltic Energy plc has now been formally awarded six licences comprising 12 new blocks by the Oil and Gas Authority in the UK’s 32nd Offshore Licensing Round. The hydrocarbon company said that all the licences were on a 100% equity position, except P2558, which has been jointly awarded with Shell UK holding a 70% working interest. […]
Parkmead remains “robust” despite gas revenue losses
The Parkmead Group plc reported a loss in revenue and profits but an increase in assets in its preliminary results for the year ended 30 June 2020. FINANCES Revenue halved for the period to £4.1m (2019: £8.3m) and gross profit fell to £1.3m (2019: £5.7m). Pre-tax profits before tax and non-cash impairment charges were £0.8m. […]