Harbour Energy plc has completed its acquisition of substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd in the UK for $163 million (£121m). RESOURCE Completion of the transaction follows regulatory approval and full final settlement of all creditors’ claims against the acquired subsidiaries. Harbour agreed in December 2025 to the […]
Tag: Catcher oil field – UK central North Sea
Serica completes Catcher-GEAD acquisition
Serica Energy plc has completed its purchase of a 10% interest in the Catcher field and 5.21% in the Golden Eagle Area Development in the UK central North Sea. RESOURCE The acquisition from ONE-Dyas adds combined net 2P reserves of three million barrels of oil equivalent and 2C resources of 0.5 Mmboe, as at 31 […]
Harbour buys Waldorf assets for $170m
Harbour Energy plc has agreed to buy for $170 million (£127m) the UK North Sea assets of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration. CAPRICORN The company said that the binding share sale and purchase is expected to add 20 thousand barrels of oil equivalent per day, and 2P reserves of […]
Serica to buy Lancaster field owner, Prax
Serica Energy plc has agreed a $25.6 million purchase of Prax Upstream Ltd and Prax Exploration & Production plc, owner of the Lancaster field, west of Shetland in the North Sea. BOOST The acquisition also includes Prax Upstream’s sale and purchase agreements with TotalEnergies and ONE-Dyas. On completion, Serica will own a 40% operated interest […]
Capricorn doubts full $30m Waldorf payment
Capricorn Energy plc said it was unlikely to receive the full $29.5 million from its sale of the Catcher and Kraken oil fields, following court refusal of the purchaser’s restructuring plan. DISCUSSIONS The 2021 sale, amended in 2023, to Waldorf Production UK plc was part of Capricorn’s acquisition of a 25% non-operated interest in the […]
Premier production falls due to Catcher issues
Premier Oil plc has lowered its full-year production guidance following problems in its biggest producer, the operated Catcher oil field in the UK central North Sea. OPERATIONS The company posted production figures of an average 62.5 thousand barrels of oil equivalent for 10 months to 31 October 2020. Guidance has been revised from previous forecasts […]