North Sea discovery surpasses billion-dollar valuation
The i3 Energy (LON: i3E) Serenity discovery in the UK North Sea has been valued at over one billion dollars in a recent Tennyson Securities report.
Europa
Chrysaor hands in decommissioning plan for Jupiter fields in North Sea
Chrysaor has handed in decommissioning plans for the Jupiter series of gas fields in the UK North Sea.
Europa Oil & Gas sells licence for £1.4m
Europa Oil & Gas, the UK and Ireland focussed exploration, development and production company, today confirmed the sale of its 50% interest in Promote Licence P2304 (UKCS Block 41/24) to Egdon Resourcesfor £1.45million.
Europa to challenge Surrey Council over Holmwood plan
Europa Oil & Gas said today that it would appeal against Surrey Councils refusal to approve a construction traffice management plan for an exploration project.
Europa agrees farm-out deal with Cairn Energy
Cairn Energy has agreed a farm-out deal with cairn energy.
Wressle partners vow to fight council decision
The partners of an onshore oil and gas discovery located in the "heart of the East Midlands petroleum province" have vowed to fight North Lincolnshire Council's refusal to grant planning permission.
Europa seeks partner for Padraig Basin licence
Europa Oil and Gas (LON: EOG) is looking for a farm-in partner to help prepare its Padraig Basin licence for drilling.
Europa looks to speed up work in South Porcupine Basin with farm-in partner
Europa Oil & Gas said there is potential to speed up exploration offshore Ireland by netting a farm-in partner to produce further seismic work.
Union Jack Oil makes acquisition, no cash changes hands
Union Jack Oil has struck a deal with Europa Oil & Gas for interests in the Holmwood Prospect located Weald Basin in southern England.
Europa wins new licensing option offshore Ireland
Europa Oil & Gas has been awarded a new licensing option in the southern Porcupine Basin offshore Ireland.
Europa estimates $7billion un-risked value offshore Ireland
Europa Oil & Gas said an independent assessment carried out on three prospects has estimated an un-risked net present value (NPV) of around $7billion. The company said the estimate was made on three prospects on the Frontier exploration licence in the Porcupine basin, offshore Ireland. It was also found on a risked NPV basis, there was a 100% working interest of $1.1billion.
Europa Oil & Gas granted permission for exploratory borehole in the Weald Basin
Europa Oil & Gas said it was granted permission for the underground drilling corridor of an exploratory borehole at its Holmwood prospect in in the Weald Basin, in Surrey, England. Europa has a 40% interest in the licence, alongside Egdon Resources's 18.4% stake, Altwood Petroleum's 1.6% stake, Warwick Energy's 20% stake and UK Oil & Gas Investment's 20% stake. Now planning permission has been secured, the company will move on to detailed drilling planning and environmental permitting, and it expects drilling to take place in late 2016 or in 2017.
Europa and Arenite in joint venture licensing bid
Europa Oil & Gas has been awarded a licence in the southern North Sea as part of the UK 28th licensing round. The company said the conditional award of a promote licence over Block 41/24 was given by the OGA (Oil and Gas Authority) as part of a joint venture with Arenite Petroleum Limited. A total of 41 new licences were awarded in the latest round and the second tranche of successful bids follows the 134 bids confirmed last year, totalling up to 175 licences covering 353 blocks.
Europa Oil and Gas identifies new Irish prospects
Europa Oil and Gas has identified new prospects on two of its licences in Ireland. The company said the discoveries had been made in the FEL 2/13 and FEL 3/13 licences in the South Porcupine Basin. Further analysis will take place to provide a definitive prospect risking and ranking.
Europa set to launch production tests at Wressle-1
Onshore explorer Europa Oil and Gas plans to begin production testing at its Wressle-1 well in North-East England. The company’s chairman Bill Adamson will announce development in its work at an annual general meeting today. Drilling of the Wressle well, which started in July, marked the launch of a programme focused on proving up a potential 39 mmboe (million barrels of oil equivalent) within Europa’s portfolio in Ireland, France and onshore UK.