United Oil and Gas and newcomer Quattro Energy have entered a binding sale and purchase agreement for two licences in the Central North Sea.
United Oil and Gas
North Sea stalwart Neill Carson is celebrating a maiden acquisition at Quattro Energy – the fourth oil and gas vehicle he has co-founded.
Kuwait Energy Egypt has begun drilling the ASH-3 well, in Egypt’s Abu Sennan licence, with work expected to take around 60 days.
Anasuria Hibiscus is planning to sanction its Marigold development in the North Sea around March next year.
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.
Corallian Energy and partners will focus on the Colter South discovery off Bournemouth after their main target to the north disappointed.
An analyst has put a valuation of up to £15million on United Oil and Gas’ (UOG) interest in the Crown discovery following a deal for two adjacent North Sea blocks.
United Oil and Gas (UOG) has said it wants to “drive forward” its North Sea prospects, including the 16million-barrel Crown discovery.
United Oil and Gas is celebrating the award of two North Sea blocks, one of which includes a discovery containing up to 16 million barrels of oil.
United Oil and Gas has completed the purchase of 20% of the Walton-Morant Licence, offshore Jamaica from Tullow Oil.
A farm out agreement has been reached between United Oil and Gas (UOG) and Corallian Energy Limited for a percentage of the company’s UK oil and gas assets.