ADIL Inks Oil & Gas Contract with Iona

press release
Wednesday, February 08, 2012

Energy consultancy ADIL announces six-figure contract win with Iona Energy.

 

ADIL, the Aberdeen-based independent energy consultancy, announces a £500,000 contract win with oil and gas company, Iona Energy. ADIL will provide management support, enabling its client to develop a recently purchased field in the UKCS.

Iona completed the acquisition of North Sea Block 3/8d, containing the Kells (formerly Staffa) Oil Field, earlier in January. The company is primarily focused on the acquisition, appraisal and development of oil and gas discoveries in the UK North Sea.

The contract sees ADIL provide development support for the pre-sanction phase of the Kells development project. The work, which commenced in December last year, is expected to take place over a period of up to six months, potentially leading to a further execution phase.

Managing director of ADIL, James Paton, said: “The early stages of development generally have the greatest influence on the value of oil and gas projects.

“All our key personnel at ADIL have worked within oil companies, creating and evaluating various options. We have significant professional skills and comprehensive knowledge of facilities, infrastructure and regulatory requirements. We will call on this experience to provide Iona Energy with the optimal development solution for Kells.

“This is a new client for ADIL and we are looking forward to building on this relationship going forward.”

Peter Campbell, commercial manager at Iona Energy in Aberdeen, said: “The Kells development represents a key milestone for us in becoming a North Sea operator and is an excellent addition to our portfolio.

“With 100 per cent operated interest in this asset, we are driving hard to get to first oil as quickly, efficiently and safely as possible.

“ADIL’s knowledge of the UK North Sea and their pre-sanction experience meant the company was a logical choice in helping us to commercialise the Kells field.”
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Costa Concordia Captain's Sentence Upheld

The prison sentence against the former captain of the Costa Concordia cruise liner for his role in the deadly 2012 shipwreck was upheld on Tuesday by an Italian court.

Partners Target Improved Maritime Efficiency

On May 25, 2016, The University of the West Indies Arthur Lok Jack Graduate School of Business (UWI-ALJGSB) together with the Trinidad and Tobago Shipbuilding &

MSHS Group President Recognized for Safety Leadership

Signal Mutual Indemnity Association, a self-insured group provider of Longshore benefits, presented MSHS President Are Friesecke with the Francis R. Sharp Executive

Contracts

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Bulgaria, Greece to Consider Greek LNG terminal

Bulgarian state energy holding company BEH and Greek natural gas company Gastrade have set up a joint task force to prepare a proposal to build an off-shore liquefied

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

Finance

Baltic Index Up On Higher Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Energy

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Bulgaria, Greece to Consider Greek LNG terminal

Bulgarian state energy holding company BEH and Greek natural gas company Gastrade have set up a joint task force to prepare a proposal to build an off-shore liquefied

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1375 sec (7 req/sec)