Deltic Energy ‘absolutely delighted’ as Shell commits to another North Sea well

Graham Swindells’ the chief executive officer from Deltic Energy joins Proactive to share his delight that Shell has committed to drill Deltic’s Selene gas prospect.

Deltic holds a 50% working interest in the licence but will be carried for 75% of the costs of drilling and testing of the Selene well.

Swindells explains why the Selene prospect is so important for Deltic and the next steps.

They also discuss the impact tax reliefs introduced by the UK government as part of the Windfall Tax/Energy Profits Levy have had on the firm and how this could stimulate further investment in North Sea projects.

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