Shell and Deltic Energy will press ahead with drilling a major North Sea gas exploration target later this year.
Years have passed since the last exploration well was drilled in the Southern North Sea, and Deltic Energy is hoping to lead a fresh wave of activity.
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.
Shell has delivered new seismic data on the Pensacola prospect in the North Sea, with partner Deltic Energy claiming it is “highly analogous” to a discovery which struck oil last year.
Deltic Energy has announced a “material increase” in estimates of gas at a North Sea licence which Shell farmed into last year.
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 completed a 50% farm in to a North Sea licence held by Cluff Natural Resources (CLNR).
Cluff Natural Resources (CLNR) has raised £15m through share placing in order pay its share of two North Sea licences Shell recenty farmed into.
Shell has taken an option to farm-in to a 90million barrel North Sea prospect owned by Cluff Natural Resources (CLNR).