Union Jack Oil plc (UJO) has become an associate member of industry body United Kingdom Onshore Oil and Gas (UKOOG). ENERGY SECTOR The organisation represents the UK’s onshore oil and gas industry, including exploration and production. UJO executive chairman David Bramhill would work with UKOOG to help promote the benefits of the UK onshore hydrocarbon […]
Tag: oil and gas
United JV plans well test on ARC reservoir at Abu Sennan
United Oil & Gas plc and its joint venture partner plan to test the Abu Roash ‘C’ (ARC) reservoir in the ASV-1X exploration well, located within the Abu Sennan licence, onshore Egypt. DRILL The company holds a 22% working interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. Drilled to a […]
i3 awards Serenity appraisal well drill contract
i3 Energy plc has awarded Petrofac the contract to drill the Serenity appraisal well in the Outer Moray Firth. STENA DON Petrofac Facilities Management Ltd will have three years to work on licence P2358 block 13/23c. PFML has an existing contract with Stena Drilling Ltd for the use of the Stena Don, a harsh environment, […]
Egdon FDP and production approved for Wressle
Egdon Resources plc said that the North Sea Transition Authority had approved the field development plan and production for the Wressle oil field in North Lincolnshire. PRODUCTION The joint venture comprises Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (30%). Egdon added that production for the project, held in […]
OEUK warns EPL will damage UK industry
Offshore Energies UK (OEUK) has described the new taxes imposed on the country’s offshore oil and gas operators as “a backward step”. IMPORTS The industry body warned that the Energy Profits Levy announced today would discourage UK offshore energy investments, resulting in decreases in oil and gas exploration and production and a rise in imports. OEUK’s chief […]
Egdon records £2.2m revenue and repays £1m loan
Egdon Resources plc has repaid the £1 million facility loan to Union Jack Oil plc and recorded £2m revenue from its onshore oil projects. FINANCES The company’s unaudited report for Q3 of its financial year (February to April 2022) showed revenue of £2.23m (2021: £0.31m and H1 2022: £2.55m). Egdon said that revenue was primarily […]