Orcadian Energy plc estimated an increase in oil-in-place based on new interpretation of reprocessed seismic data for the Pilot, Feugh and Blakeney discoveries and the Bowhead prospect. PILOT The company said that the development area oil-in-place would increase by 10% to 15% compared with the previous estimates which were based on an older seismic survey. […]
Tag: UK North Sea
Orcadian granted extension to Phase A of licence P2320
Orcadian Energy plc has been granted a time extension to Phase A of licence P2320 in the UK North Sea. EMISSIONS The North Sea Transition Authority (previously known as the Oil and Gas Authority) allowed the extension to 14 May 2023, with the initial term also extended to 14 November 2024. The company said that licence P2320 […]
Flaring falls by 19% in the UK North Sea – OGA
The Oil and Gas Authority (OGA) reported that flaring* in the UK North Sea fell by 19% last year, following a 22% decrease during 2020. STATISTICS In a statement, the OGA said that production facilities cut their flaring by 6 billion cubic feet (bcf), to 26 bcf, a reduction equivalent to the annual gas demand […]
Serica doubles cash on gas price and production rise
Serica Energy plc said it reached 85% production and doubled its cash following high gas prices and the introduction of Rhum R3 well and Columbus field in the North Sea. PRODUCTION In a corporate presentation for the year ended 31 December 2021, the company reported that the Rhum R3 well, put into production in late […]
Harbour finds marginal accumulations at Dunnottar
Harbour Energy plc announced it had found marginal accumulations from drilling the Dunnottar exploration well (30/8-4) in licence P2399 in the UK North Sea. ASSESSMENT The well reached a total measured depth of 15,639 feet encountering hydrocarbon-bearing intervals in the Palaeocene, Jurassic and Triassic. Harbour Energy said it would assess the commerciality of the marginal accumulations and in the meantime would […]
Serica nears restart of Rhum R3 gas production
Serica Energy plc said the new completion equipment had been installed and a flow test performed at Rhum R3 well in the North Sea. CONSTRAINT The company added that a stabilised flow rate of 58.4mmscf/d of gas and 135bbls/d of condensate had been achieved. The rate was constrained by the surface well test equipment on […]