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 […]
Tag: UK North Sea
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 […]
JOG shapes its 21st century role with carbon policy
Jersey Oil & Gas plc (JOG) has introduced a carbon policy for operations in its licence areas in the UK North Sea. GREENHOUSE GAS PROTOCOL The company said that a sustainable and lower-carbon energy future was central to its oil and gas operations and management. JOG is targeting net zero emissions from its Greater Buchan […]
United raises production guidance after ‘landmark’ 2020
United Oil & Gas plc recorded its first year of revenues in 2020 and raised 2021 full-year production guidance for its licences in Egypt. ABU SENNAN Results for the year ended 31 December 2020 showed group profit of $850,000 with $9.1m (£6.5m) revenues from its Rockhopper Egypt acquisition (28 February – 31 December 2020). United’s cash capital […]
EnQuest revenues fall but recovery seen in Golden Eagle
EnQuest plc reported revenues and EBITDA* nearly halved by the end of last year, reflecting lower oil prices and the cessation of production at Heather, Thistle and Alma/Galia following the reorganisation in 2020. But the group, with operations in the UK North Sea and Malaysia, remains optimistic that its proposed acquisition of the Golden Eagle […]