Page 24 - Upper Jurassic News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Aussie junior enters UK offshore Australia's Finder Energy has secured full ownership of the P2528 licence in the UK North Sea after filing a successful bid in the country's 32 nd licensing round, the company said on April 7. P2528 is situated at the southern edge of the South Hallibut basin in the central North Sea, some 90 km northeast from Aberdeen and near the Cnooc-operated Buzzard oilfield, one of the UK's biggest oil producers with 1bn barrels of reserves. Finder has identified Whitsun as the lead prospect at the licence, the company said, noting it would target the same Upper Jurass...

UK: Finder Energy awarded North Sea acreage 07 Apr 2021 P2528 Licence in the 32nd UK Offshore Licensing Round. P2528 is located on the southern edge of the South Halibut Basin, Central North Sea and covers an area of 454 sq kms and is only 90 km NE of Aberdeen. The leading prospect identified by Finder on the licence is Whitsun, targeting the same Upper Jurassic reservoir that hosts the nearby Buzzard Oil Field. The Buzzard Field was discovered in 2001 and contains over 1 billion barrels of oil. In addition to the Whitsun prospect, the licence contains a further four prospects and leads ...

UK: Jersey Oil and Gas completes the acquisition of CIECO V&C (UK) 07 Apr 2021 AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf ('UKCS') region of the North Sea, has completed its acquisition of the entire issued share capital of CIECO V&C (UK), owned by ITOCHU and Japan Oil, Gas and Metals National Corp ('JOGMEC'). As previously announced on 26 November 2020, the consideration for the acquisition consists of a completion payment of £150,000 and two contingent payments based on the UK's Oil & Gas Authority's consent for a Fi...

Zenith Energy, an international oil & gas production company focused on pursuing African development opportunities, announced that Zenith Energy Africa Limited (ZEAL), its newly incorporated fully owned subsidiary, has entered into a share purchase agreement (SPA) with Candax Energy for the acquisition of a 100% interest in Candax's fully owned subsidiary in Barbados, Ecumed Petroleum Zarzis (EPZ) (the Acquisition), which holds a 45% interest in the Ezzaouia Concession, Tunisia. Pursuant to the terms of the SPA, ZEAL has agreed to acquire 100% of the issued share capital of EPZ for the aggreg...

Norway: MOL Norge drills dry well at Mandal High in the southern North Sea - 2/9-6 S 10 Feb 2021 PL 617, is concluding the drilling of wildcat well 2/9-6 S. The well was drilled on the west side of the Mandal High, about 9 km north of the Norwegian-Danish border and 280 kms southwest of Stavanger. The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks (the Mandal Formation). The well encountered a sandstone layer with clay stone elements, about 250 metres thick, in the Mandal Formation. Approx. 140 metres of this was reservoir rocks with poor to moderate reservoi...