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
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
14 January 2026
Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing
14 January 2026
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
