Angus Energy plc said it had aligned its interests following the acquisition of a further interest in Brockham oil field. The company completed its purchase of a 5% interest from Alba Mineral Resources plc. Alba paid £32,000 plus VAT to Angus in settlement of certain back costs and a contribution towards eventual abandonment costs. This was […]
Tag: oil and gas
Hurricane Energy restarts P6 well
Hurricane Energy plc has progressed work on the Lancaster 205/21a-6 (P6) and the 205/26b-14 (Lincoln-14) wells, West of Shetland. COSTS The company said it had restarted the electric submersible pump (ESP), which tripped on 8 June, in the Lancaster 205/21a-6 (P6) oil well. The company expects oil production from the P6 well at a rate […]
Alba completes sale of Brockham oil interest
Alba Mineral Resources plc has completed the sale of its 5% interest in Brockham onshore oil field in Surrey to operator Angus Energy plc. The metals and minerals explorer said that the move was part of its drive to rationalise its non-core assets. In settlement of certain back costs and a contribution towards eventual abandonment […]
Block and Baker Hughes sign drill agreement for West Rustavi
Block Energy plc has signed a memorandum of understanding (MoU) with Baker Hughes to support its oil and gas drilling operations in Georgia. SIGNIFICANT The company said that the MoU provided a broader partnership on developing significant oil and gas opportunities throughout Block’s portfolio. Baker Hughes has allocated additional engineers to assess and potentially develop […]
Serica nears restart of Rhum R3 gas production
Serica Energy plc said the new completion equipment had been installed and a flow test performed at Rhum R3 well in the North Sea. CONSTRAINT The company added that a stabilised flow rate of 58.4mmscf/d of gas and 135bbls/d of condensate had been achieved. The rate was constrained by the surface well test equipment on […]
EnQuest borrows $750m for Golden Eagle
EnQuest plc has signed a new senior secured borrowing base debt facility for $750 million (£531 million) to refinance the Golden Eagle acquisition in the Central North Sea. The new facility is for $600 million with an additional $150 million for letters of credit for up to seven years. EnQuest said it would allow the […]