Europa Oil & Gas (Holdings) PLC Award of Well Engineering Contract for Serenity (1654N)
30 Mayo 2022 - 1:01AM
UK Regulatory
TIDMEOG
RNS Number : 1654N
Europa Oil & Gas (Holdings) PLC
30 May 2022
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
30(th) May 2022
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Award of Well Engineering Contract for Serenity
Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland
and Morocco focused oil and gas exploration, development, and
production company, is pleased to announce that i3 Energy, as
operator of Block 13/23c, has entered into a contract with Petrofac
Facilities Management Limited ("PFML") to provide well engineering,
operations management and operator services for the drilling of the
Serenity appraisal well. PFML has an existing contract with Stena
Drilling Limited for the use of the Stena Don, a dynamically
positioned 5th generation semi-submersible drilling unit. A well
slot for the Stena Don to drill the Serenity appraisal well has
been secured where the Stena Don will come onto contract on a date
between 15 August and 15 September 2022.
Simon Oddie, CEO, said:
"This is a significant agreement, and we are pleased that PFML
has been contracted to drill the Serenity appraisal well. PFML
drilled the original Serenity discovery well for i3 Energy in 2019,
which was successfully completed on time and on budget. Operations
planning is well underway and on-track to spud the Serenity
appraisal well in early September, which will be a hugely exciting
potential catalyst for Europa."
* * ENDS * *
For further information, please visit www.europaoil.com or
contact:
Simon Oddie Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Murray Johnson Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Strand Hanson Limited - Nominated +44 (0) 20 7409
James Spinney & Financial Adviser 3494
Strand Hanson Limited - Nominated +44 (0) 20 7409
James Dance & Financial Adviser 3494
+44 (0) 20 7186
Peter Krens Tennyson Securities 9033
+ 44 (0) 20 7390
Patrick d'Ancona Vigo Consulting 0230
+ 44 (0) 20 7390
Finlay Thomson Vigo Consulting 0230
Notes to Editors
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. Production in the half-year to 31st January 2022
was 208 boepd. In March 2022, Europa farmed into P.2358, Block
13/23c ("Serenity") in the Outer Moray Firth area of the North Sea.
The licence contains the 2019 Serenity oil discovery, in which
Europa now has a 25% interest. The Company holds one exploration
licence offshore Ireland, which has the potential to host gross
mean un-risked prospective resources of 1.5 trillion cubic feet
("tcf") gas. Inishkea is a near field gas prospect in the Slyne
Basin which the Company classifies as lower risk due to its close
proximity to the producing Corrib gas field and associated gas
processing infrastructure. In September 2019, Europa was awarded a
75% interest in the Inezgane permit offshore Morocco. Initial
results of technical work have identified 30 prospects and leads
that have the potential to hold in excess of one billion barrels of
unrisked oil resources. In December 2021, Europa announced a
collaboration between Baker Hughes and CausewayGT to conduct a
geothermal clean heat project at the Company's West Firsby field.
If this project is successful, it will prove the operational
ability to extract and use geothermal heat from the site.
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