Deltic Energy plc has been granted more time to find a farm-in partner for the southern North Sea licence P2252 containing the Pensacola gas discovery. APPRAISAL The company had until the end of May to find £15 million for its share of the costs or withdraw from its 30% licence interest. Deltic today said that […]
Tag: Shell UK Ltd
Deltic agrees 25% farm-out with Dana for Selene
Deltic Energy plc has agreed to farm out a 25% interest in licence P2437, containing the Selene gas prospect, to Dana Petroleum (E&P) Ltd. STRENGTHEN The transaction, along with the existing carry by operator Shell UK Ltd, leaves the company with a 25% non-operated interest in the licence. Deltic also has no exposure to 2024 […]
Deltic JV signs rig contract for Pensacola-Selene
Deltic Energy plc said that a rig contract has been confirmed for the Selene exploration and the Pensacola appraisal wells in the southern North Sea. SCHEDULE Joint venture partner and operator Shell UK Ltd will drill on licences P2437 and P2252 using the Valaris 123, a heavy duty jack-up rig. The contract and mobilisation beginning […]
Reabold expects £5.2m in second Corallian payment
Reabold Resources plc expects the second tranche payment from the sale of its investee company Corallian Energy Ltd to be distributed to former Corallian shareholders from today. USES Reabold will receive £5.2m from purchaser Shell UK Ltd, which follows the first sum of £3.2m received on 1 November 2022. The final payment, of £4.4m, is […]
Deltic-Shell begin site survey for Selene
Deltic Energy plc’s joint venture partner has begun site survey works for the Selene gas exploration well off the northeast coast of England. RIG LOCATION Operator Shell UK Ltd has mobilised a geophysical site survey vessel to acquire high resolution 2D seismic lines over the proposed well location. Seismic acquisition is expected to complete before […]
Deltic marks rise in estimated Pensacola oil and gas
Deltic Energy plc said the estimated oil and gas resources have nearly doubled for the joint venture (JV) Pensacola discovery on licence P2252 in the UK North Sea. ANALYSIS The company’s post-well analysis now estimates the structure to contain gross P50 initially in place volumes of gas and oil of 342 million barrels of oil […]