Several UK oil and gas firms welcomed in the spudding of the highly-anticipated Colter well in the Wessex Basin on Wednesday morning. Corallian Energy, operator of the licence containing Colter, announced that drilling had begun earlier in the day. Drilling is expected to take three weeks and reach an intended depth of 1,830m. Following completion,…
Several junior oil and gas firms enjoyed a lift this morning on the news that Wick and Colter – two highly-anticipated offshore UK wells – have been cleared for drilling by a critical British regulatory authority. Corallian Energy, operator of the prospects, said the Offshore Petroleum Regulator for Environment and Decommissioning has advised the Oil…