Shell and Deltic have hired Fugro to carry out a site survey of its Pensacola prospect ahead of an exploration well being drilled.
Egdon Resources said it is “encouraged” by Shell deciding to drill a neighbouring discovery to two of its Southern North Sea assets.
Shell and partner Deltic Energy have confirmed plans to drill the “high-impact” Pensacola prospect in the UK southern North Sea.
Westwood Global Energy reports that as of February 24 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.
High-impact targets from Equinor and Shell have been named among the “wells to watch” for the UK North Sea in 2021 by Westwood Energy.
The Oil and Gas Authority (OGA) has given Shell extra time to carry out more “intensive” seismic processing on a southern North Sea exploration target, the major’s project partner said today.
Deltic Energy is facing yet another potential acquisition bid, this time from Independent Oil and Gas (IOG).
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, formerly Cluff Natural Resources, has “unequivocally rejected” a £12.3million bid from Reabold Resources to acquire a controlling stake in the business.
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.
A company named after one of the pioneers of North Sea oil and gas exploration is planning to change its name.
Pre-tax losses widened at Cluff Natural Resources (CLNR) in a first-half marked by flagship deals with energy giant Shell on its southern North Sea licences.
Shell has wrapped up seismic survey work on a newly-acquired southern North Sea prospect.