UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
Day: 12 May 2025
Deltic increases Selene reserves by 33%
Deltic Energy plc reported a 33% increase in gross 2C resources of 174 billion cubic feet at the Selene gas joint venture in the UK Southern North Sea. DEVELOPMENT Partner and operator Shell (UK) Ltd analysed 176 core plugs taken from drill core samples over the Leman B-Sand, the “key producing interval within the much […]
Tullow to sell Kenya oil assets for at least $120m
Tullow Oil plc has agreed to sell its entire working interests in four blocks in the South Lokichar Basin, Kenya for a “minimum” of $120 million cash. VALUE The heads of terms agreement follows the company’s attempts in 2023 to secure a farm-out after its then partners exited the project. Buyer Gulf Energy Ltd will […]