i3 Energy plc has signed the farm-in agreement with Europa Oil & Gas Ltd for the UK Seaward production licence P2358, block 13/23c (Serenity) in the Outer Moray Firth area of the North Sea. DRILL DATE Following the farm-out, i3 will retain a 100% working interest in the remainder of Block 13/23c which contains the […]
Tag: oil
Rockhopper signs binding deal over Falkland licences
Rockhopper Exploration plc said it had signed legally binding definitive documentation for Harbour Energy plc to exit and Navitas Petroleum LP to enter the North Falkland Basin. TRANSACTION The deal will see Navitas acquire Premier Oil Exploration and Production Ltd, the company in which Harbour Energy plc holds all of its Falkland Islands licences. Rockhopper (35%) and Navitas […]
Egdon appeals against refusal for Biscathorpe sidetrack
Egdon Resources UK Ltd has submitted an appeal against Lincolnshire County Council’s refusal to allow sidetrack drilling, testing and long-term oil production at Biscathorpe. PROCESS The company is the operator of joint venture PEDL253 with a 35.8% interest, Union Jack Oil plc holds a 45% economic interest, and Montrose Industries Ltd has 19.2%. Egdon submitted […]
Rockhopper reports second extension for Falklands deal
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the heads of terms for oil interests in the North Falkland Basin. DATE The companies, which signed the deal in December 2021, first extended the date from 31 January to 31 March 2022. Today’s announced agreement extends the deadline from […]
United starts production from ASD-2 well at Abu Sennan
United Oil & Gas plc has started production, with rates significantly higher than pre-drill expectations, at the ASD-2 development well in Abu Sennan joint venture (JV) licence, offshore Egypt. OPERATIONS The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. The ASD-2 well is the eighth consecutive successful […]
United hits 25.5m net oil pay across multiple reservoirs at Abu Sennan
United Oil & Gas plc said its eighth consecutive well had exceeded pre-drill expectations by meeting 25.5m of net pay across multiple oil-bearing reservoirs at Abu Sennan, onshore Egypt. ASD-2 Site operator Kuwait Energy Egypt drilled the ASD-2 development well to test the north-western culmination of the commercial discovery in the ASD field. ASD-2, the […]