EPL has had a significant effect on farm-out processes
Farm-out chill stymies UKCS optimism
The potential of a play-opening discovery is shackled by lack of investor appetite
Graham Swindells and Stephen Williams, CEO and co-CEO respectively of UK independents Deltic Energy and Reabold Resources, should be happy men. The former has struck material gas at Deltic’s Pensacola prospect, significantly improving confidence across the whole Zechstein Reef play fairway in the Southern North Sea (SNS), while the latter jointly leads a company with substantial exposure to the play both onshore and offshore. Williams can also point to a previously overlooked gas prospect on Reabold’s PEDL183 that new analysis suggests could be both significantly larger than previously thought and more permeable than other rocks in the formation. But Swindells is instead fielding questions f
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
