Ampliación de la licencia PEDL 343 (Cloughton)
Europa Oil & Gas (Holdings) plc / Índice: AIM / Epic: EOG / Sector: Petróleo y Gas
14 de febrero de 2024
Europa Oil & Gas (Participaciones) plc
("Europa" o la "Sociedad")
Ampliación de la licencia PEDL 343 (Cloughton)
Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, is pleased to announce an extension to licence PEDL 343 located in the East Midlands of the UK, which contains the Cloughton gas discovery. Europa is operator of the licence with a 40% interest.
The North Sea Transition Authority ("NSTA") notified Europa that it has agreed to a two-year extension of the Initial Term to 20 July 2026 and a two-year extension of the Second Term to 20 July 2028 for PEDL 343. The extension will enable the Company to continue its ongoing work on the licence, where Europa estimates Cloughton to have Pmean gross gas initially in place (GIIP) volumes of 192 BCF. The discovery well at PEDL 343 (Cloughton) flowed good quality sweet gas at rates of up to 40,000 scf/day on natural flow, and the Company believes that a well could flow at 6 mmscf/day using the correct completion techniques.
Europa will continue to engage with its various stakeholders required to obtain the necessary permits and consents needed to drill an appraisal well in order to demonstrate the productivity of the field.
Will Holland, director ejecutivo de Europa, dijo:
"We are delighted that the NSTA has granted a two-year extension to PEDL 343 as it allows us to continue to progress the material Cloughton gas discovery towards commercialisation. We will update the market as we reach further milestones".
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Para más información, visite www.europaoil.com o contacte:
William Holanda / Louise Armstrong | Europa Oil & Gas (Participaciones) plc | |
James Dance / James Spinney / Rob Patrick | Strand Hanson Limited - Asesor financiero y nominado | +44 0 20 7409 3494 |
pedro krens | Valores de Tennyson | +44 0 20 7186 9033 |
Patrick d'Ancona / Finlay Thomson / Kendall Hill | Consultoría Vigo | + 44 (0) 20 7390 0230 |
Notas a los editores
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. Average net production for the financial year ending 31 July 2023 was 265 bopd. On 21 December 2023 the Company acquired 42.9% interest in Antler Global, which holds an 80% interest in the EG08 PSC offshore Equatorial Guinea. EG08 contains an estimated gross mean un-risked 1.4 trillion cubic feet ("TCF") gas prospective resources that can be tested with a single well with a 92% chance of success. EG08 is adjacent to the Chevron licence that contains the Alen gas field which is connected via pipeline to the Bioko Island LNG plant. Europa took over operatorship of PEDL 343 ("Cloughton") on 27 July 2023 in which Europa holds a 40% interest and contains an estimated Pmean 192 billion cubic feet ("BCF") of gas initially in place. Europa posee una participación del 25% en P.2358, Bloque 13/23c ("Serenity") en el área exterior de Moray Firth en el Mar del Norte, donde se descubrió el petróleo Serenity de 2019. La Compañía posee una licencia de exploración en alta mar en Irlanda, que tiene dos prospectos principales, el mayor de los cuales tiene el potencial de albergar recursos prospectivos medios brutos sin riesgo de 1.5 TCF de gas. Inishkea West es un prospecto de gas cercano a un campo en la cuenca de Slyne que la Compañía clasifica como de menor riesgo debido a su proximidad al campo de gas productor Corrib y la infraestructura de procesamiento de gas asociada.
Glosario
scf/day | standard cubic feet per day |
mmscf/day | millones de pies cúbicos estándar por día |
Pmedia | probability that the volumes will equal the average of all of the estimates |
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