UK: Celtique, Magellan eye Weald unconventionals

Celtique Energie of the UK and Magellan Petroleum Corp., Denver, plan to drill one or two exploratory wells in the Weald basin in southern England in late 2013 aimed at unconventional hydrocarbons.

The UK Department of Energy and Climate Change recently lifted its moratorium on hydraulic fracturing, and the government is exploring new tax incentive proposals to encourage unconventional drilling onshore, Magellan noted.

Magellan, one of only three public companies that offer significant exposure to the emerging UK shale play, holds nearly 200,000 net acres in the Weald basin. The acreage also has potential in conventional formations.

Related Articles

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

AWE makes gas discovery under existing Senecio field

09/18/2014 AWE Ltd., Sydney, has increased the worth of its Senecio gas field in permits L1/L2 in the onshore Perth basin of Western Australia with a discover...

EGPC awards two Gulf of Suez concessions to RWE Dea

09/18/2014 Egyptian General Petroleum Corp. (EGPC) has awarded two concessions in the Gulf of Suez to RWE Dea AG, which said the awards stem from Internationa...

Eni reports second major oil find in as many days

09/18/2014

Eni SPA has made an oil discovery with the Oglan-2 exploration well on Ecuador’s Block 10, 260 km southeast of Quito.

 

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected