North Sea oil and gas minnow wins vote of confidence from Shell
Group Business Correspondent
NORTH Sea oil and gas minnow Deltic Energy has seen its shares rise around eight per cent after the company won a fresh vote of confidence from the mighty Royal Dutch Shell.
Shell has decided to go ahead with a plan to drill a well with Deltic, on a prospect that has generated lots of excitement.
The companies have confirmed to the North Sea regulator that they have made a firm commitment to drill a well on the Pensacola prospect, which is set for next year.