BP North Sea Field to Test U.S. Iran Policy
Serica acquires Rhum field from BP, co-owned by Iran; seeks U.S. licence to operate in Rhum field. A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fields in the ageing offshore basin, including the Rhum field which is co-owned by a subsidiary of Iran's national oil company.
A BP North Sea field to test U.S. policy on Iran
A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fields in the ageing offshore basin, including the Rhum field which is co-owned by a subsidiary of Iran's national oil company. For Serica, the $400 million deal will increase its production sevenfold. It nevertheless hinges on the British company receiving a licence from U.S.
Genel, Partners Find Oil off Morocco
Genel Energy and two partner firms said on Monday they had discovered oil off Morocco, giving a boost to the region whose oil and gas drilling results have so far been mixed. Genel's minority partners in the Sidi Moussa-1 well, Serica Energy and San Leon, announced they had drilled nearly 3,000 metres below the sea and encountered oil. "We are at a very early stage and the presence of hydrocarbons in this frontier block will require further evaluation…
Serica Completes Farm Out to Centrica of East Irish Blocks
Serica Energy plc is pleased to confirm it has now completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through its subsidiary Hydrocarbon Resources Limited. Under the agreement, HRL has acquired an operated 45% interest in the licence, with Serica retaining 20%,in consideration for HRL bearing Serica’s share of costs associated with the drilling of an exploration well, upto a gross cap of £11 million.
Centrica Buys Stake in Irish Sea Gas Field
A subsidiary of Britain's Centrica has completed a deal to buy a 45 percent stake in the Doyle gas prospect in the East Irish Sea from oil and gas explorer Serica Energy. As part of the agreement, Centrica's Hydrocarbon Resources Limited (HRL) will cover Serica's share of exploration costs of up to 11 million pounds. HRL has also gained a 15-percent interest and the operatorship of an adjacent block licence, Serica Energy said in a statement.
