Neptune Energy said positive drilling results and further appraisal work on the Isabella discovery would lead to a “marginal” rise in exploration spend this year.
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
Energy giant Total has reached the one billion-barrel milestone at its Elgin-Franklin complex, surpassing original estimates from when it started up nearly 20 years ago.
Total’s latest discovery shows the French energy giant still has the Midas touch when it comes to finding new North Sea reservoirs, an analyst has said.
A UK North Sea oil and gas discovery is showing “significant promise”, a project partner said today.
A boss at Neptune Energy said 2020 was shaping up to be the private-equity-backed firm’s busiest year in the UK North Sea as activity ramps up around key projects.
Westwood Global Energy reports that as of December 31 there were two active exploration wells drilling in the UK.
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Exploration and production firm Neptune Energy said yesterday that it is pressing ahead with several UK North Sea projects.