Deltic Energy plc and its proposed buyer, Viaro Bidco, have deferred the long stop date for the £6.9 million sale until next year, after the industry regulator asked for more details to address “concerns”. DISAPPOINTED The transaction, agreed at the end of June 2025, comprises a cash offer for Deltic’s entire and to be issued […]
Tag: North Sea Transition Authority – NSTA
Orcadian given three more years for Pilot field
Orcadian Energy plc has been granted a three-year extension until 1 December 2028 to the second term of licence P2244, containing the Pilot field, in the UK central North Sea. POTENTIAL The company has an 18.75% carried interest in the licence, with Ping Petroleum UK plc holding 81.25% of the project. The Malyasian operator is […]
Europa granted five more years for West Firsby
Europa Oil & Gas (Holdings) plc said that onshore DL003 licence, containing the West Firsby field, has been granted a five-year extension until 31 December 2030. NSTA The site in the West Lindsey district of Lincolnshire, has two wells producing some 25 barrels of oil per day, as at 2021. Europa holds a 100% working […]
Serica agrees farm-in on Wagtail discovery
Serica Energy plc has secured a 40% farm-in on the Wagtail oil discovery and the March and Bancroft exploration prospects, within licence P2530, for an initial $650,000. EXTENSION The agreement is with Australian-listed Finder Energy which currently holds the central North Sea licence with a 60% operated interest. Dana Petroleum holds the 40% balance. Serica […]
Chrysaor fined £150,000 for vent breaches
Chrysaor, which merged with Premier Oil to form Harbour Energy plc, has been fined £150,000 for vent breaches after exceeding its consent by more than 145 tonnes. ARMADA The company also failed to inform industry regulator the North Sea Transition Authority of the breach for seven months. On fining the company, NSTA today said that […]
Hartshead increases acreage with 10 blocks
Hartshead Resources NL has increased its licences with the award of 10 blocks in the 33rd licensing round. PORTFOLIO The blocks contain discovered hydrocarbons with a range of re-development, development and appraisal opportunities, as well as multiple near field exploration openings. The North Sea Transition Authority offered field redevelopments in 50% partnership with Dutch developer […]