Deltic Energy has completed the landmark farm-out agreement for five of its licences in the SNS (Southern North Sea) gas basin with Cairn Energy (CNE.L). The agreement, originally announced in August 2021, has now received OGA (Oil & Gas Authority) approval. Joint operating agreements have been established for each of the licences and $1m has been paid by Cairn as consideration for historic costs. The initial phase of the work programme will focus on the appraisal of P2428 and the adjacent P2567 ....
08 Nov 2021
Completion of Cairn Energy farm-out
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Completion of Cairn Energy farm-out
Deltic Energy Plc (DELT:LON) | 39.5 0 0.0% | Mkt Cap: 36.8m
- Published:
08 Nov 2021 -
Author:
Peter J Dupont -
Pages:
2
Deltic Energy has completed the landmark farm-out agreement for five of its licences in the SNS (Southern North Sea) gas basin with Cairn Energy (CNE.L). The agreement, originally announced in August 2021, has now received OGA (Oil & Gas Authority) approval. Joint operating agreements have been established for each of the licences and $1m has been paid by Cairn as consideration for historic costs. The initial phase of the work programme will focus on the appraisal of P2428 and the adjacent P2567 ....