bp has announced that Peter Mather, bp’s UK head of country and senior vice president for Europe, will leave the company at the end of the year. He will be replaced by Louise Kingham OBE, CEO of the Energy Institute for more than 20 years, who will join bp in May.
Australia: Carnarvon Petroleum secures rig for high impact Pavo & Apus drilling
03 Mar 2021
Positive drilling results are capable of materially increasing Carnarvon’s resources in the region
Pavo-1 well will target 101 mmboe (Pmean,Gross) in a location near the Dorado field
Apus-1 well will target 307 mmboe (Pmean,Gross) also in a location near the Dorado field
Pavo-1 and Apus-1 are expected to be drilled sequentially commencing in late 2021
Both exploration targets have the potential to be tied back to Dorado enhancing project economics
Carnarvon Petroleum has confirmed that the Noble Tom Prosser jack-up drilling rig has been contracted to drill the
US: Nostra Terra provides Pine Mills update
03 Mar 2021
AIM-listed
Nostra Terra, the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, has provided an operations update for its Pine Mills asset in East Texas.
Highlights
Potential additional locations and reserves identified
2nd Cypress well planned in 2021
Remaining acreage owned 100% by NTOG being assessed for further potential farmouts
Background
Nostra Terra currently owns and operates a 100% working interest ( WI ) in the Pine Mills asset which covers 2,400 acres. On 22 April 2020 Nostra Terra announced that it had signed a farmout agreement with
Cypress Minerals on an undrilled 80 acre area of the 2,400 acres, where Cypress would drill and complete one well at its sole expense to earn a 75% WI. Nostra Terra would retain a 25% WI in the Farmout Area where the drilling and completion in the first well cost would be paid for by Cypress. Additionally Nostr