Shell and Deltic Energy have greenlit drilling another exploration well
Shell commits to second SNS exploration probe
The major will sink another well linked to farm-in agreements with UK independent Deltic
Shell and AIM-listed partner Deltic Energy have greenlit drilling what they term a high-impact exploration well on Selene gas prospect in the P2347 licence in the UK Southern North Sea. Shell farmed into P2347 with 50pc in April 2019, just a few months after it took 70pc of Deltic’s P2252 licence, where the partners will drill the Pensacola prospect in September. As a result of the well investment decision, Shell becomes operator of P2347. Deltic will be carried for 75pc of the Selene drilling costs, up to a maximum of $25mn. Timing of a well slot has yet to be confirmed. Selene is one of the largest unappraised structures in the Leman Sandstone fairway of the Southern Gas Basin. Deltic esti
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
