Whalsay Energy’s boss has said the firm will pick a development concept for a 300 million barrel North Sea field in the third quarter of 2018.
Industry veteran Paul Warwick will spearhead efforts to develop one of the North Sea’s largest undeveloped discoveries, the Bentley field.
Liquidators are still on course to sell off one of the North Sea’s biggest undeveloped discoveries before the licence expires at the end of June.
Liquidators are confident they will wrap up the sale of one of the North Sea’s biggest undeveloped discoveries before the licence expires.
The sale of Xcite Energy looks set to drag on after liquidators said they were still working on a deal.
Liquidators are closing in on the sale of one of the North Sea’s largest undeveloped discoveries.
Xcite Energy’s slide towards liquidation could lead to the collapse of North Sea supply chain companies, an energy finance expert said yesterday.
Energy finance expert Colin Welsh said yesterday that the disarray at Xcite Energy was part of the impending North Sea liquidity crisis he warned of earlier this year.
Xcite Energy has been seeking out partners to help fund its North Sea Bentley Field for months amid an industry-wide slowdown in project financing.
Xcite Energy is said to be running out of time to find a partner to get the first phase of its planned Bentley heavy oil field development in the North Sea is and running.
Xcite Energy said it continues to talk with potential field partners for its Bentley field development in the North Sea.
Xcite Energy said it was continuing to make progress with its Bentley field, albeit that it was taking longer than it would like due to the technical nature of the development.
Aberdeen heavy oil explorer Xcite Energy posted yesterday losses of £300,000 in the six months to the end of June, the same as in the same period last year.