Tethys Petroleum is set to reduce its headcount as it looks to relocate staff members to its offices in London. The company said its offices in Guernsey would be closing and its finance team based there would be relocated. A two-week consultation period has now begun with staff based in Guernsey about their on-going employment with Tethys.
Cliq Energy is set to acquire a controlling interest in two active oilfields in Kazakhstan in a $117.3million deal.
Jupiter Energy has provided an update on drilling at the East Akkar field in Kazakhstan. Well 19 has been spudded by the company between the J-51 and J-52 wells which have both been producing oil under trial production licenses.
Jupiter Energy is considering legal action over a delay in one of its licence extension applications in Kazakhstan. The company applied for a number of production licences to be continued and has been granted all but one. Its application for an extension on licence J-50 is being held by the Kazakh Committee of Geology, pending resolution for the allocation of reserves within the well.
Kazakhstan-focused Jupiter Energy will begin drilling one of its wells in its East Akkar field. Well 19, sits between the J-51 AND J-52 wells, both of which have been producing oil under trial production licenses.