Centrica joint venture to drill new North Sea well

Spirit Energy, the joint venture between Centrica and Norweigan firm Bayerngas Norge, is to drill a new gas well in the Southern North Sea. The £75 million Chiswick field investment is expected to produce around 50 billion cubic feet of gas. Oil & Gas UK Chief Executive Deirdre Michie said: “Spirit Energy’s announcement provides evidence […]

Centrica launches new exploration and production firm

A major new oil and gas company has been launched. Spirit Energy, a joint venture which combines Centrica’s exploration and production business with Bayerngas Norge, has started trading as an independent oil and gas operator. Production from the combined portfolios is expected to be around 50 million barrels of oil equivalent (mmboe) from 27 fields […]