Premier Oil has completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft. Under the farm down agreement, Zarubezhneft will carry Premier for its share of a two well campaign to appraise the Tuna discoveries, scheduled to commence in the second quarter of this year.
Lundin Energy Norway and Odfjell Drilling have signed a letter of intent for the use of Deepsea Stavanger. The firm contract scope has an estimated contract value of approx. USD 11-14 million plus incentives.
UK: Angus Energy announces Saltfleetby & debt funding update
25 Jan 2021
Saltfleetby Energy and
Aleph Energy have appointed lawyers, following the completion of technical due diligence.
Legal and corporate due diligence is being conducted in parallel with the drafting of the loan facility and security agreements, with the objective of concluding the documentation in the coming two to three weeks, with drawdown shortly thereafter following the satisfaction of the conditions precedent, standard for a facility of this nature.
At Salfleetby, to date almost all elements of the procurement and engineering schedule have been advanced even prior the availability of the full facility. In particular, deposits have been made on the Compressors, two Generators and the Flare Stack, whilst integration engineering is in progress on the Analysis Equipment and the Metering Skid, and most conceptual and some detailed design work is completed. Additionally, final quotations, including deliver
US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. The pipeline had been projected to carry oil nearly 1,200 miles from the Canadian province of Alberta down to Nebraska, to join an existing pipeline. Environmentalists and Native American groups have fought the project for more than a decade.
Bowleven, has announced that New Age, Operator of the Etinde licence, offshore Cameroon, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA).