Capricorn Energy plc has withdrawn all global enforcement proceedings against the Indian government ahead of a US$1.06bn tax refund. COLLABORATION The move signifies the final stage of undertakings by the company and its subsidiary Cairn Energy Holdings Ltd with the Indian authorities. “This concludes all the necessary steps required of the company under the rules […]
Tag: oil and gas
IOG spuds first Southwark development well
Independent Oil & Gas plc (IOG) announced that following delays it had spud the first Southwark development well in the Southern North Sea. ROV ISSUES The company said it had expected to drill the well by the weekend of 18-19 December, following repairs of the Noble Hans Deul rig. However repeated technical issues with […]
Harbour finds marginal accumulations at Dunnottar
Harbour Energy plc announced it had found marginal accumulations from drilling the Dunnottar exploration well (30/8-4) in licence P2399 in the UK North Sea. ASSESSMENT The well reached a total measured depth of 15,639 feet encountering hydrocarbon-bearing intervals in the Palaeocene, Jurassic and Triassic. Harbour Energy said it would assess the commerciality of the marginal accumulations and in the meantime would […]
United ends 2021 on high note with drill success at Abu Sennan
United Oil & Gas plc said that drilling the Al Jahraa-13 (AJ-13) development well proved it be the seventh consecutive successful well since the company acquired the Abu Sennan licence, onshore Egypt. RESULTS United today reported that AJ-13 had encountered 17.5m of net pay in the oil-bearing Upper and Lower Bahariya reservoir targets. The well […]
Corallian submits draft FDP for Victory gas discovery
Reabold Resources plc said that its investee Corallian Energy Ltd had submitted a draft field development plan (FDP) to the Oil and Gas Authority (OGA) for the Victory gas discovery northwest of Shetland. BUSINESS STRUCTURE Reabold has a 49.99% interest in Corallian which has a 100% interest in Victory and is the operator. SCHEDULE Reabold […]
VOG granted one-year extension to Matanda Block licence
Victoria Oil & Gas plc (VOG)’s subsidiary and operator Gaz du Cameroun S.A. (GDC) has received a one-year extension for the Matanda Block licence in Cameroon. PROSPECTIVE RESOURCES The extension for the 1,235 km2 block which lies adjacent to GDC’s Logbaba concession is effective from 17 December 2021. VOG said its estimate of prospective resources […]