Rockhopper Exploration plc said that the reserves category had been reclassified from contingent resources for its Sea Lion field in the North Falkland Basin. FPSO An independent technical report from by Netherland, Sewell & Associates, Inc. follows the final investment decision in December 2025, and is effective from the same date. The figures cover phases […]
Tag: floating production storage and offloading vessel – FPSO
Tullow agrees $205m FPSO for Ghana fields
Tullow Oil plc has signed a gross $205 (£152m) million sale and purchase agreement for the floating production, storage and offloading vessel (FPSO), Prof. John Evans Atta Mills. COSTS Payment of transaction, signed on behalf of the company’s joint venture partners, will be paid on completion at the end of the first quarter of 2027. Net […]
Jersey positive on delayed Buchan project
Jersey Oil & Gas plc aims to optimise its delayed UK North Sea Buchan oil joint venture, in the light of new government guidelines, including required approval of the project’s scope 3 emissions. PROGRESS The company is focused on the Greater Buchan Area, containing estimated resources of more than 100 million barrels of oil equivalent […]
Serica further lowers guidance after new setback
Serica Energy plc has again lowered guidance after an “issue with the flare system” on the Triton FPSO temporarily suspended production from 30 September. ROBUST The company said that operator Dana Petroleum had advised that production was “likely to restart shortly”. Rates are expected to be “severely limited until the root cause of the problem […]
Rockhopper JV progresses Sea Lion ahead of FID
Rockhopper Exploration plc’s partner in the Sea Lion discovery has had phased work, including 64 wells, set out in a revised independent report on the North Falkland Basin project. PHASES Israel-headquartered operator Navitas Petroleum LP, targeting a final investment decision for mid-2025, commissioned the independent resource report from Netherland Sewell & Associates (NSAI). “The report […]
Serica cuts forecast after Triton FPSO setback
Serica Energy plc has lowered full year production forecast after an “issue” with the Triton floating production storage and offloading (FPSO) vessel suspended its North Sea operations. GAS The company said that the problem was with one of the compressor seals, with repairs expected to take two to four weeks. The outage follows resumption of […]