The Parkmead Group will write off its Perth oil development in a non-cash one-off impairment of approximately £33 million because of “unprecedented challenges” in the hydrocarbon sector. ISSUES In its business review, the company said that it had re-evaluated its direction following “volatile oil and gas prices, ageing infrastructure and rising capital and operating costs”. […]
Tag: Skerryvore prospects – UK Central North Sea
Parkmead’s first exploration well approved at Skerryvore
The Parkmead Group has received approval to drill its first operated exploration well as it increased its stake from 30% to 50% in the high-impact Skerryvore prospects in the UK Central North Sea. JOINT VENTURE Parkmead’s joint venture partners will be Serica Energy (UK) Ltd (20%) and CalEnergy (Gas) Ld (30%). SKERRYVORE The company said […]