Kistos Holdings plc expects “sub-commercial” gas from a discovery from the Benriach exploration well in the Greater Laggan Area, west of Shetland. VOLUMES Kistos holds a 25% non-operated working interest in licence P2411 with operator TotalEnergies (50%) and Rockrose Energy (25%). The Transocean Barents rig mobilised from Olen and spud the well on 21 March, reaching […]
Tag: West of Shetland
Hurricane Q1 revenues reach $39.3m
Hurricane Energy plc recorded revenues of $39.3 million for the first quarter of 2023 from its operations on the Lancaster field, west of Shetland in the North Sea. OPERATIONS The company’s unaudited trading report shows production of 0.66 MMbbls with an average of 7,311 bopd, and oil sales of 0.5 MMbbls from one cargo. At […]
Hurricane plans annual shutdown at Lancaster
Hurricane Energy plc plans to conduct its annual shutdown during September at its Lancaster field, west of Shetland. OPERATIONS The move will follow the company’s latest production of 258 Mbbls during July, at an average 8,324 barrels of oil per day. On 24 July, Hurricane lifted the 30th cargo of Lancaster oil, totalling some 534 Mbbls, resulting in […]
Hurricane sees mixed fortunes from EPL
Hurricane Energy plc said investment allowances could offset its forecast £5 million bill under the new energy profits levy (EPL) from its operations at the Lancaster field, west of Shetland. ENERGY PROFITS LEVY In its monthly financial and operational report of 31 May 2022, the company added it was unable to determine the full impact […]
Reabold to acquire six North Sea licences from Corallian
Reabold Resources plc has conditionally acquired six exploration and appraisal licences for £250,000 from Corallian Energy Ltd, which is itself under offer for a potential sale. CORALLIAN ENERGY LTD Private UK oil and gas company Corallian has interests in the West of Shetland, Central Graben, Inner Moray Firth and Viking Graben basins Upstream oil & […]
Reabold targets stronger hold in Victory discovery
Investment company Reabold Resources plc has offered to acquire additional shares in Corallian Energy Ltd, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The offer will see the acquisition of up to 13.12% of Corallian shares from existing Corallian shareholders, in exchange for Reabold shares, at […]