The Serenity joint venture look to advance operations as talks begin over surrounding acreage which has become unlicensed. INVESTMENT Operator i3 Energy plc and partner Europa Oil & Gas (25%) have made little progress on the Blake, Tain and Serenity area while the previous licensees were “unable to approve additional investment”. In October 2022, the […]
Tag: Serenity oil discovery – Block 13/23c North – licence P2358
Europa looks to active year for off-onshore assets
Europa Oil & Gas (Holdings) plc said it expected an active coming year for its hydrocarbon assets offshore and onshore United Kingdom. WRESSLE In an operations report, the company looks to drilling during 2023 and preparations for 2024 at the joint venture (JV) onshore Wressle oil field in which it holds a 30% working interest. […]
Europa repays £1m loan to Union Jack
Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Europa-i3 to abandon Serenity SA02 well
Europa Oil & Gas (Holdings) plc said that, following “disappointing” results, it would abandon and plug the SA02 well in the joint venture Serenity field. COSTS The company owns 25% of the JV with operator i3 Energy plc holding 75%. The gross well cost is forecast to be £10.4 million resulting in an estimated total […]
i3 Energy spuds Serenity appraisal well
i3 Energy plc has spud the Serenity appraisal well on licence P.2358, block 13/23c in the Outer Moray Firth. SCHEDULE The operator owns a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. i3 expects that drilling programme will last some 30 days after which it will plug and […]
i3-Europa to drill Serenity appraisal well
i3 Energy plc said that drilling would start later this week on the SA-02 appraisal well in P2358, block 13/23c, containing the Serenity discovery, in the Outer Moray Firth. JOINT VENTURE The operator holds a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. OPERATIONS “The well is designed […]