Serica Energy plc said it expected full-year production to drop slightly due to a short delay to the start of operations on its Columbus field in the Central North Sea. SHEARWATER Chef executive Mitch Flegg added that there would be no significant long-term impact from the short delay. Columbus hydrocarbons will be processed on the […]
Tag: oil and gas
Orcadian receives FPSO interests for Pilot oil field
Orcadian Energy plc said it had received three expressions of interest to provide an FPSO for the Pilot oil field development in the central North Sea. WIND POWER Three of four providers, currently operating FPSOs on the UK Continental Shelf, submitted detailed proposals. Orcadian expects discussions to take several months before it makes a decision. […]
Cairn shareholders approve Catcher-Kraken sale
Cairn Energy plc has received shareholder approval for the US$460 million sale of its Catcher and Kraken interests in the North Sea. The deal involves Cairn’s interest of 20% in Catcher and 29.5% in Kraken to Norwegian company Waldorf Production Ltd. The company’s shareholders voted on the proposal at a general meeting on 28 October.
OGA investigates proposed sale of producing fields
The Oil and Gas Authority (OGA) has started investigating the proposed sale by Esso Exploration & Production Ltd (EEPUK) to NEO of 13 producing fields, specifically Elgin Franklin, in the North Sea. SANCTIONABLE OGA said it was concerned that the transaction was not progressing as quickly as expected. The regulatory authority has previously raised concerns generally about ”transaction drag” and the chilling […]
Union Jack nets £1m revenue from Wressle
Union Jack Oil plc said it had generated US$1 million net revenues since production restarted during August from the Wressle hydrocarbon development in North Lincolnshire. PRODUCTION The company added that the current daily production figures were far in excess of the targeted 500 barrels of oil per day from the Ashover Grit reservoir. The well […]
Angus expects higher revenues at Saltfleetby
Angus Energy plc said it expected higher revenues than previous estimates from the Saltfleetby gas field (SGF) in Lincolnshire. PROGRAMME The company added it had employed contractors for the drilling programme and that it expected costs of the sidetrack to overrun. REVENUES A revised competent persons report (CPR) by Oilfield International Ltd using a conservative […]