Neptune Energy has announced drilling has commenced on the Dugong appraisal well, located in the Norwegian sector of the North Sea. The Neptune-operated Dugong discovery, in Production Licence PL 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020. Neptune estimates recoverable resources to be between 40 - 120 million barrels of oil equivalent (boe).
UK: Union Jack Oil completes a further acquisition of a 15 percent interest in PEDL253 Biscathorpe
01 Mar 2021
PEDL253 containing the
Biscathorpe project on the terms originally announced on 18 January 2021 and Union Jack now holds a 45% interest in PEDL253.
On the proposed conventional
B-2Z side-track appraisal well, the Company also highlights that a Planning Application has been made for the side-track drilling operation, associated testing and, in a success case, the long-term production of hydrocarbons at the Biscathorpe-2 wellsite, with drilling planned for H2 2021, subject to planning approval.
Highlights
PEDL253 is located within the proven hydrocarbon fairway of the Humber Basin, on-trend with the Keddington oilfield (Union Jack 55% interest) which produces oil from a Carboniferous Westphalian aged reservoir
Pacific Islands unite around enhanced renewables ambition under climate goals
01 Mar 2021
In a year of critical action on climate mitigation and adaptation,
Pacific Island governments have reinforced their commitment to energy transition action and strengthened sustainable energy goals within updated nationally determined contributions (NDCs) ahead of COP26 in Glasgow, the United Kingdom in November.
At a meeting of high-level policy and intergovernmental representatives jointly hosted by the
Regional Pacific NDC Hub and the
UK COP26 Presidency, ministers and government representatives reiterated the need for transformative pledges that significantly reorient the world’s energy transition pathway. Pacific nations aim to be at the forefront of global efforts.