Deltic Energy plc has agreed to a £7.2 million cash sale of its assets, notably its 25% interest in the Selene prospect, to the UK North Sea’s largest oil and gas producer, Neo Next+. QUALITY Each Deltic share will be sold at 7.7 pence in cash, which represents a premium of 156.7 % to the […]
Tag: Viaro Energy
Gardline awarded Anning-Somerville pipeline survey
The Anning and Somerville joint venture has chosen Gardline Ltd for the geophysical pipeline survey for the gas offtake route. OPERATORSHIP Australian company Hartshead Resources NL and Viaro Group subsidiary RockRose Energy Ltd expect the 80.4 metre MV Ocean Observer will mobilise to the two fields to begin operations in September 2023. Gardline will confirm […]
Hartshead submits Anning- Somerville FDP
Hartshead Resources NL has submitted its phase I field development plan (FDP) for the Anning and Somerville joint venture gas developments in the southern North Sea. PRODUCTION The FDP includes the subsurface interpretation, planned development wells, production forecasts and facilities, gas transportation route to market, QHSE, and commercial and economic aspects of the development. The […]
Hartshead completes 60% Seward farm-out
Hartshead Resources NL has completed the farm-out agreement with RockRose Energy Ltd for a 60% equity interest in its Seaward gas licence P2607 in the southern North Sea. TERMS The deal gives the Australian company gross A$196.3 million (£105m) for phase I of operations and A$536m (£287m) of gross project expenditure. RockRose’s initial cash payment […]