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UK: North Star Renewables secures GBP 96 million capital to build renewables fleet
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North Star appoints Renewables Director
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UK E&P company focused on building an upstream oil and gas business in the
North Sea. The Company holds a significant acreage position within the
Central North Sea referred to as the Greater Buchan Area ( GBA ), which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 100% working interest in the P2170 Licence Blocks 20/5b & 21/1d, that contain the Verbier oil discovery and other exploration prospects.
JOG s total GBA acreage is estimated by management to contain 190 million barrels of oil equivalent ( mmboe ) of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of approximately 220 mmboe of prospective resources in close proximity to the Company s planned Buchan platform. JOG has recently concluded the Concept Select phase of an FDP for the Greater Buchan Area and plans to progress into Front-End Engineering and Design (FEED) later this year
Sparrows Group has won a multi-million dollar contract to support a major UK Continental Shelf operator s North Sea plans for a further five years.
Sparrows Group has announced that it has won a multi-million dollar contract to support a “major” UK Continental Shelf operator’s North Sea plans for a further five years.
The deal, which is said to be worth an “eight-figure sum”, will see Sparrows Group continue to support the company’s production across two assets, as well as its decommissioning program across three other fields in the North Sea. Sparrows Group said it has carried out “uninterrupted campaigns” on three of the operator’s assets for over 30 years.
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