Egdon Resources Plc has provided an update on Jan. 6 regarding the timing of the 3D seismic survey over the Resolution gas discovery in offshore licenses P1929 and P2304.
Shell Oil U.K. Ltd., the operator of offshore licenses P1929 and P2304, has advised Egdon that the marine 3D seismic survey, planned over the Resolution and Endeavour gas discoveries is now anticipated to be acquired in February 2022 rather than first-quarter 2021. This follows the results of a revised environmental impact assessment and extensive stakeholder engagement in respect of the planned survey. This work concluded that the commercial impact on local fishing businesses, along with potential impacts on marine mammalian movements, breeding season for sea birds and tourism, meant that the optimum time window to successfully acquire seismic data in 2021 was during February, not March/April as originally anticipated.
Unfortunately, it was not possible to finalize all of the required agreements in respect of managing the fishing vessels operating in the survey area within the timeframe necessary to enable the survey to take place in February 2021.
As such, and subject to the OGA consenting to an amendment to the license obligations, it is now intended to undertake the survey in February 2022, to enable all agreements with commercial and other stakeholders to be finalized well in advance of the planned survey.
The U.S. rig count rose by 10 in the last week, according to Enverus which also notes that the count is down less than 1% in the last month and down 50% year-over-year.
Weekly rig count in the U.S. up again. Meanwhile, oil prices reach highest level since February 2020.
Howard County, Texas, completion produces from Spraberry and Wolfcamp, a high-volume Permian Basin discovery by Oxy and four Marcellus wells completed at Pennsylvania’s Susquehanna County top this week’s drilling activity highlights from around the world.