United Oil & Gas’ purchase of Rockhopper Exploration’s stake in Egypt’s Abu Sennan licence has been pushed back, but the results from a recent well make clear the rationale behind the deal.
Drilling is pressing ahead in Egypt for small producers, such as TransGlobe Energy and Rockhopper Exploration.
United Oil & Gas has returned to trading on London’s Alternative Investment Market (AIM) and is nearing completion of its acquisition of a stake in Egypt’s Abu Sennan licence.
Falklands focussed oil and gas firm Rockhopper Exploration said yesterday that it is working towards a final investment decision on its Sea Lion development by the end of 2018.
Oil and gas group Rockhopper has announced that it has signed a Letter of Intent (LOI), giving it exclusivity to Sea Lion Phase 1, in the North Falkland Basin.
Premier Oil’s Sea Lion development is on track to be sanctioned in 2018, according to an announcement made by partner on the field Rockhopper Exploration.
UK-based Rockhopper Exploration said today that a drilling campaign on the Abu Sennan Concession in Egypt had started.
Rockhopper has cut its Italian team by 50% as it looks to ramp up production and save costs.
Rockhopper Exploration has continued to strip costs out of its Sea Lion development in the North Falkland Basin, according to its half year report.
Rockhopper Exploration has hailed 2015 as a "transformational year" as the company looks ahead to developing the huge potential of the Sea Lion prospect in the South Atlantic.
Reports that a United Nations commission has ruled that Argentina’s territorial waters should be extended to include the Falklands hit the shares of South Atlantic oil explorers yesterday.
Oilwell Varco has landed a FEED contract with Rockhopper Exploration.
Premier Oil has served a notice to Ocean Rig for breach of material obligations under the contract for the Eirik Raude drilling unit.
Rockhopper Exploration's merger with Falkland Oil and Gas has led to former Falkand chief executive Tim Bushell and chairman John Martin appointed non executive directors.
Rockhopper Exploration expects to deliver 60 million more barrels of oil from its Sea Lion asset after revised plans revealed field life has increased from 15 to 20 years.
Rockhopper Exploration has achieved first gas from its onshore Civita gas field in Italy.
Any attempt by Argentina to seize the assets of oil drillers operating in the disputed Falkands will have no basis in law, the UK Government has said.