Video: Topside sets sail for Cygnus gas field

A topside has set sail on a journey to the largest new gas field to be discovered in the southern North Sea for 25 years. The Cygnus accommodation module, which weighs 4,600 tonnes, has left the Burntisland Fabrication’s Methil yard towards its final destination off the Lincolnshire coast. Gas is expected to start flowing from the Cygnus field later this year. The field is expected to meet the needs of 1.5million homes and will be the UK’s second largest production site of natural gas.

Oil & Gas

Union Jack Oil strikes deal with Egdon Resources

Union Jack Oil has reached an agreement with Egdon Resources to acquire a 10% interest in a licence which incorporates the Keddington oilfield in Lincolnshire. The onshore oil and gas exploration company now has a stake in licence PEDL005 which also incorporates the Louth prospect and the North Somercotes prospect. Union Jack will not have to pay any cash up-front but under the terms of the agreement will pay 20% of the costs of the proposed new Keddington appraisal well scheduled to be drilled later in the year.