Cairn Energy has agreed a deal to farm-in to five North Sea licences held by Deltic Energy.
Deltic Energy has announced a new Southern North Sea prospect in its portfolio following the OGA’s 32nd licensing round last month.
Deltic Energy said the company is largely “insulated” from the impact of Covid-19 thanks to the financial benefits of Shell farm-outs last year.
Deltic Energy has announced a “material increase” in estimates of gas at a North Sea licence which Shell farmed into last year.
Reabold Resources has abandoned its takeover bid for Deltic Energy, formerly known as Cluff Natural Resources.
Deltic Energy, formerly Cluff Natural Resources, has “unequivocally rejected” a £12.3million bid from Reabold Resources to acquire a controlling stake in the business.
The newly-branded Deltic Energy, formerly Cluff Natural Resources, is using the current “window of opportunity” to eye up potential deals as far afield as the Dutch North Sea.
Cluff Natural Resources (CLNR) has said it is “fully committed” to drilling a Shell-partnered North Sea prospect next year, however another is expected to be delayed to 2022.
Cluff Natural Resources ‘remain on-track and operations are unaffected’ amid oil price crash and Covid-19
Cluff Natural Resources' (CLNR) operations and planned work "remain on track and are unaffected" by recent share price volatility and the coronavirus (Covid-19) outbreak, the firm has said.
Shell has completed a 50% farm in to a North Sea licence held by Cluff Natural Resources (CLNR).
Energy giant Shell has taken up operatorship of a Southern North Sea licence estimated to have recoverable reserves of 100million barrels of oil equivalent.