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
3 October 2024
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
2 October 2024
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
1 October 2024
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC
1 October 2024
In an age of ‘poly crisis’ and ‘radical uncertainty’ the only thing we can say about the future is that it will not be business as usual
