Serica Energy plc announced the start of gas production from the Rhum R3 well around 16 years after it was originally drilled in the UK Northern North Sea. CHALLENGES The company has more than 80% natural gas production and holds a 50% working interest in the Rhum field. First production was achieved on 23 August […]
Tag: oil and gas
Block shareholders reject forensic investigation
Block Energy plc’s shareholders today rejected a resolution by 93.7% to hold a forensic investigation into the company’s affairs in onshore oil and gas at West Rustavi, Georgia. The resolution was proposed by Forest Nominees Ltd on behalf of G.P. (Jersey) Ltd and was the second requisitioned general meeting called during July. Resolution For […]
United spuds ASX-1X exploration well at Abu Sennan
United Oil & Gas plc said it started drilling the ASX-1X exploration well in the Abu Sennan licence, Egypt. DRILLING United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Operations began on Saturday (14 August) on the ASX-1X exploration well, which is the company’s second, located some 7km […]
Block Energy appoints Jeremy Asher as NED
Block Energy plc has appointed Jeremy Asher as a non-executive director with immediate effect. Mr Asher is currently chairman and CEO of E&P company Tower Resources plc and owner of upstream oil and gas investment company Agile Energy Ltd. He was previously a director of Pacific Drilling SA, where he chaired the remuneration committee, deputy […]
Deltic agrees farm-out for five licences with Cairn
Deltic Energy plc has entered into a binding conditional farm-out for five of its southern North Sea gas licences with Cairn Energy plc. QUALITY The natural gas-focused company signed the deal through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd. Cairn will acquire a 60% interest in P2428 (Cupertino Area) and P2567 (Cadence) and a 70% […]
OGA investigates possible breach of production consents
The Oil and Gas Authority (OGA) has opened an investigation into a possible breach of field production consents, contrary to the requirements of the licences. REPRESENTATIONS The investigation follows an inquiry which concluded that there was sufficient initial evidence to merit a full investigation into a potential failure to comply with such consents. Among other actions, the investigation will gather and assess further information to enable the OGA […]