Deltic Energy CEO Graham Swindells
Deltic retains exploration enthusiasm
The UK independent has successfully brought in partners and is gearing up to drill
Exploration has been something of a dirty word on the UK continental shelf (UKCS) in recent years. But AIM-listed explorer Deltic Energy is confident there is still economic oil and gas to find in the basin. And it can point to the persuasive power of its argument, having successfully completed farm-out deals with Shell in 2019 and with UK independent Capricorn Energy—then called Cairn—last year. Petroleum Economist spoke to Deltic CEO Graham Swindells to find out more about the attractions and challenges of growth via the drill bit. What drove the success of the Capricorn farmout? Swindells: What we have is a group of five contiguous licences stretching over the best part of 3,000km² of th
Also in this section
12 February 2025
The oilfield expansion provides a fresh influx of revenue but will strain its cooperation with OPEC+ and fails to mask deeper issues with the economy and investors
11 February 2025
Improving compliance among the group and wider group is offset by production increases in outliers Libya, Venezuela and Iran
10 February 2025
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill
10 February 2025
The February 2025 issue of Petroleum Economist is out now!
