Proactive oil and gas weekly highlights: Solo Oil, BP, Falcon Oil & Gas
The company, soon to be called Scirocco Energy Plc, agreed a deal to acquire natural gas fields in the Dutch section of the North Sea from ONE-DYAS.
BP PLC (LON:BP) warned that Hurricane Barry “significantly disrupted” oil production in is most profitable regions.
The FTSE 100 producer said that production in the third quarter was impacted to the tune of 100,000 barrels of oil per day over the whole quarter, mostly because of a two-week shutdown at its facilities in the Gulf of Mexico.
Alba Mineral Resources plcs (LON:ALBA) Horse Hill stablemate UK Oil & Gas PLC reported that “simultaneous drilling and test production operations” (or Sim-Ops) have been successfully implemented at the English oil project.
Oil rig contractor ADES International PLC (LON:ADES) won a second deepwater drilling campaign in the Egyptian Mediterranean area.
Solo Oil PLC confirmed the completion of its disposal of its interest in Burj Petroleum Africa Limited, in line with the expected timeline.
The AIM-listed energy company said that Rockhoppers joint venture partners in its Egyptian assets including the Abu Sennan concession have all waived pre-emption rights, allowing the deal to move forward with an expected completion date on 1 January.
i3 Energy PLC (LON:I3E) announced that drilling began for the Serenity appraisal well in the UK North Sea.
It comes after the company – which had previously centred its business on UK and Ireland assets – last month landed the Inezgane offshore project in Morocco, rounding off “an extensive process and considerable work”.
Continued flow testing of the well recorded a production rate of 285 barrels of oil per day (bopd), a significant upgrade from the initial testing of 100 bopd announced earlier this month.
Quadrise Fuels International PLC (LON:QFI) chairman Mike Kirk described, in its financial results statement, “a hugely important year” for the company with significant progress made towards unlocking a bRead More – Source