Despite a lossmaking 12 months, Europa Oil and Gas said discussions are ongoing around potential routes to develop its Serenity discovery alongside the nearby Tain field.
The move casts doubt over i3 Energy's "Serenity" prospect, which was hoped to be unitised with Tain.
Europa Oil and Gas, i3 Energy and Repsol Sinopec are looking at unitising their Tain and Serenity developments after appraisal drilling at the latter proved disappointing.
‘Various options’ are on the table as the partners behind the ‘disappointing’ Serenity field try to garner some value from the project.
Europa Oil and Gas (AIM:EOG) has announced a significant uptick in revenues and profits for the 2021/22 period, despite disappointment at its Serenity farm-in.
As of 27 October, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. One appraisal well is currently active in the CNS. One well completed at Serenity.
The CEO of i3 Energy (LON: i3E) has outlined hopes for a smaller development at the Serenity discovery despite disappointment at the appraisal stage.
There are still options on the table for i3 Energy on the Serenity field, although a more modest concept is now likely in the works as it faces a “heavy downgrade”.
i3 Energy (LON: I3E) has announced “disappointing” results for the hotly-anticipated appraisal of its Serenity discovery in the North Sea.
As of 26 September, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. Two appraisal wells are currently active in the CNS. One well completed at Diadem.
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.
Drilling has now begun at the Serenity appraisal well in the central North Sea, after the Stena Don arrived on station earlier this week.
The partners in the “company-maker” Serenity well have reported the arrival of the Stena Don rig at the site the central North Sea, ahead of drilling start-up later this week.
i3 Energy (LON: I3E) has said it will drill its “company-maker” Serenity appraisal well this month.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
I3 Energy has completed a farm-out of a 25% working interest in its Serenity field to Europa Oil and Gas.
Petrofac has been named well engineering operator on the upcoming i3 Energy Serenity appraisal.
UK and Canada-focused independent i3 Energy has seen quarterly production double that of last year, as it looks to invest further capital in its Canadian drilling programme.
Europa Oil and Gas has announced the appointment of Will Holland to the role of chief financial officer and executive director later this year.
North Sea firm i3 Energy has executed a key part of a deal to dish out a 25% stake in its Serenity field.
North Sea operator i3 Energy (LON: I3E) has said an appraisal on its “company-making” Serenity field will now take place in the second half of the year.
North-east firm i3 Energy (LSE: I3E) is planning for a “very busy” 2022 with an “extensive” drilling programme on the cards.
Westhill-based i3 Energy has said it will seek to drill an appraisal of its “company-maker” Serenity project as early as the first quarter of next year.