Deltic is moving forward with UKCS gas prospects it has successfully farmed out
Mixed appetite for UKCS farm-outs
Deltic reports progress but will also relinquish two licences after failed processes
AIM-listed E&P firm Deltic Energy is moving forward with the UK continental shelf (UKCS) gas prospects it has successfully farmed out to Shell and peer Capricorn Energy, as well as getting ready to launch a partner search for its Syros oil prospect. But the firm will also hand back two licences, one operated and one non-operated, after failing to agree terms for them to be drilled. Spudding of the firm’s Southern North Sea (SNS) Pensacola prospect in licence P2252, in which Shell took a 70pc stake in February 2019, has slipped slightly from September to October. But the firm remains upbeat. It will be using the Maersk Resilient jack-up rig, which is currently drilling a production well f
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
