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17 Jul 19 |
UK: United Oil & Gas sells Crown discovery (North Sea Blocks 15/18d and 15/19b) to Anasuria Hibiscus UK AIM-listed United Oil & Gas has announced an agreement to sell North Sea blocks 15/18d and 15/19b to Anasuria Hibiscus UK for a headline consideration of up to USD5 million. The blocks include the Crown discovery, initially discovered by Conoco Philips in 1998. |
17 Jul 19 |
Norway: Pandion Energy acquires 20 percent of PL 891 from ConocoPhillips Pandion Energy has entered into an agreement with ConocoPhillips to acquire a 20 percent interest in PL 891, containing the Slagugle prospect. The license is located in the prolific Haltenbanken area of the Norwegian Sea in Blocks 6608/10, 11 and 12. |
17 Jul 19 |
Romania: ADX Energy announces completion of USD1.5 million Romanian farm-in ADX Energy has finalised a Farm-in Agreement including the satisfaction of conditions precedent on behalf of Danube Petroleum and ADX Energy Panonia to fund a 3D seismic program in the Parta Exploration License onshore Romania. |
17 Jul 19 |
Norway: OKEA announces second quarter 2019 results OKEA reports strong operational income and cash flow in the second quarter. Operational performance was solid with a net production of above 20 000 boepd and EBITDA of NOK 594 million, up from NOK -13 million in Q2 2018. |
16 Jul 19 |
Norway: PGNiG acquires interest in Duva gas field from Wellesley Petroleum PGNiG Upstream Norway has acquired a 20 percent interest in the Duva field – PL 636 and PL636B licenses – from Wellesley Petroleum. First production is expected at end 2020, early 2021. |
16 Jul 19 |
Norway: Equinor invests in further development of the Gudrun field Equinor and the Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan. Equinor and its licence partners plan to start up the water injection plant during 2021. |
16 Jul 19 |
Norway: Equinor starts production at Trestakk Equinor reports that production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea started on 16 July. Tied back to the Asgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil. |
16 Jul 19 |
Norway: Equinor completes dry well west of the Johan Sverdrup field in the North Sea - 16/5-7 Equinor, operator of production licence PL 502, has completed the drilling of wildcat well 16/5-7. The well, which was drilled about 1 km west of the Johan Sverdrup oil field in the central part of the North Sea, is being plugged and abandoned as a dry hole. |
16 Jul 19 |
UK: New entrant E&P companies are key to the future of the UKCS, but they need to step up investment in new production - Westwood Insight A new study by Westwood Global Energy Group shows that new entrant E&P companies to the UKCS since 2008 now control 46 percent of production, 39 percent of reserves and 64 pecent of potentially commercial volumes yet to be developed. |
15 Jul 19 |
Russia: KCA Deutag’s land operation wins USD168m of new drilling contracts in Russia Global drilling and engineering contractor KCA Deutag has announced that its land drilling operation has won three new contracts in Russia worth approx. USD168 million. |
15 Jul 19 |
UK: Decommissioning in Shetland expands with the arrival of more North Sea structures The Dales Voe decommissioning facility in Shetland is one step closer to becoming a centre of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson. The structures from Spirit Energy’s ST-1 arrived in the dedicated port facility on 15 July. |
15 Jul 19 |
Georgia: Block Energy increases interest in West Rustavi field to 100 percent Block Energy has increased its working interest in the West Rustavi licence in Georgia from 71.5 percent to 100 percent, further to an agreement reached with Georgia Oil and Gas on 26 February 2019. |
15 Jul 19 |
UK: Egdon Resources announces update on Biscathorpe-2 well results AIM-listed Egdon Resources has provided a positive update in respect of the Biscathorpe-2 exploration well drilled in Petroleum Exploration and Development Licence PEDL253, located in Lincolnshire. The results of a revised petrophysical analysis have upgraded the Biscathorpe-2 well result. |
15 Jul 19 |
Ireland: Providence Resources announces update on Barryroe farm-out transaction Providence Resources has provided a commercial and operational update in relation to Standard Exploration Licence ('SEL') 1/11 which contains the Barryroe oil accumulation. Backstop date further extended for receipt of farmout funds from APEC. |
