Serica Energy plc’s pre-tax profits for 2020 plummeted due to low oil prices and Bruce caisson shut-in but the company managed to continue operations. No Covid-19 cases or injuries were recorded and the company avoided furloughing staff and government assistance programmes. Serica also continued to make progress with its environment, social and governance policies with […]
Tag: oil and gas
United marks notable increase in reserves at Abu Sennan
United Oil & Gas plc has announced a material increase in oil and gas reserves from an independent evaluation of the Abu Sennan concession in Egypt. A report by Gaffney Cline & Associates showed a 24% increase in Abu Sennan gross 2P reserves to 16.8 MMboe (15% gas) from 13.5 MMboe at the beginning of 2020. […]
JOG appoints Les Thomas as independent NED
Jersey Oil & Gas plc has appointed Les Thomas to the board as an independent non-executive director with immediate effect. Mr Thomas has more than 35 years’ experience in the oil and gas industry, in various subsurface, engineering, operational and senior management positions. From 2013 to 2020, he was chief executive of Ithaca Energy Inc. […]
United reports Q1 increase in oil output at Abu Sennan
United Oil & Gas plc announced an increase in production during the first quarter of 2021 at Abu Sennan, Egypt. The company’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 boepd oil and 467 boepd gas). The figure is slightly above the previously provided guidance for H1-21 of between 2,300 and 2,500 boepd […]
IOG starts drilling at Elgood
Independent Oil and Gas plc (IOG) said it had started Phase 1 drilling of five gas development wells in the UK Southern North Sea. Elgood well 48/22c-H1 is expected to take some three months to drill and complete ahead of first gas before the rig moves to Blythe during the early part of the third […]
Block set for 2021 with $6.8m and two new wells
Block Energy plc announced it had a strong cash position of $6.8 million as it prepares to drill two wells as part of its 2021 objectives at West Rustavi in Georgia. OIL AND GAS PRODUCTION In its operational report for Q1 2021, the company said it was currently producing across all its licences (excluding WR-16aZ […]