Capricorn Energy plc’s production for 2025 exceeded guidance, due to new development wells during the second half of the year on its licences, held with operator Cheiron Energy, onshore Egypt. DEBT Results posted average working interest production of 20,175 barrels of oil equivalent per day, with 41% liquids, higher than the forecast midpoint of 19,000 […]
Tag: production
Serica resumes production from Triton
Serica Energy plc has resumed production from the Triton floating production storage and offloading vessel, following a suspension of operations at the end of last month. INCREASE An issue with the flare system temporarily halted production on 30 September until operator Dana Petroleum resolved the matter. “Production resumed in line with expectations at a limited […]
Prospex JV resumes production at Viura-1B
Prospex Energy plc’s joint venture has retrieved testing equipment left inside the Viura-1B well and restarted gas production in Northern Spain. CASHFLOW Partner and operator Heyco Energía Iberia S.L. resumed production on 17 October and three days later reached 120,000 cubic metres per day. The JV aims for 180,000 cmd plateau production this week. “The […]
Metals on course to assemble La India plant
Metals Exploration plc has unloaded the Rock Creek gold processing plant at a port in Nicaragua, ahead of delivery to the La India gold project site. CONSTRUCTION The plant arrived ahead of schedule and the start of assembly is on course for October 2025. The company said that mine development earthworks, relating to the plant […]
‘Teething issues’ slow Triton production
Serica Energy plc said that problems had slowed the increase to steady production at the Triton floating production storage and offloading unit, 120 miles east of Aberdeen. GUIDANCE The FPSO in the UK central North Sea produces oil and gas from the Bittern, Clapham, Pict, Saxon, Guillemot Area subsea facilities. Operator Dana Petroleum resumed production […]
Cornish Metals defers South Crofty production
Cornish Metals Inc has pushed back production from 2027 to the first half of 2028 following slower dewatering rates at its South Crofty tin mine project near Redruth PUMPS Maintenance work on the submersible pumps and delays in servicing one of the pump motors slowed dewatering “in recent months”. Dewatering returned to near full capacity […]