Leveraging off Leverett

As part of the 30th Licensing Round, Zennor picked up Blocks 21/2d, 21/3c-d in licence P2350. The licence contains the Leverett discovery which was appraised by CNOOCNexen. The discovery has had four wells and may or may not require further appraisal prior to development. The field could be tied back to Zennor's Finlaggan field and extend the plateau. Leverett has been penetrated by: 21/2-2 - drilled in 1975 with the West Venture rig 21/2-4...

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INEOS swoops in for Conoco North Sea

As widely reported over the weekend, INEOS is the front-runner for the ConocoPhillips’ UK North Sea portfolio. ConocoPhillips had a buyer for the portfolio back in 2015, but pulled the deal citing that it had no desire to sell-out at the bottom of oil price cycle, INEOS has beaten other likely UK North Sea focussed contenders which could include Ithaca Energy, Premier Oil, Neptune Energy, Chrysaor and SiccarPoint. The sale, estimated to be around...

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ConocoPhillips' mix of a North Sea portfolio

ConocoPhillips' is one of the largest operators in the UK North Sea, being the operator of the Britannia area, the J-Area and large swathes of the Southern North Sea. ConocoPhillips is also a non-operated partner in the giant Clair field. Clair is one of the largest oil fields in the UK offshore and located in the West of Shetlands which is making a name for being the last frontier of the UK and is increasingly attracting further exploration...

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