11th of November 2018
Tailwind Energy confirms sanction of Columbus Field Development
As part of the completion of the EOG UK acquisition, Tailwind Energy Ltd (‘Tailwind’) is pleased to confirm sanction of the Columbus Development, which recently received Oil and Gas Authority (OGA) approval for a Field Development Plan (FDP) as announced by Serica Energy Plc in late October 2018. OGA approval of the FDP was subject to a number of statutory requirements, including the submission of an Environmental Statement, which was approved by the Department for Business, Energy & Industrial Strategy (BEIS) at the beginning of October 2018.
Following the acquisition of EOG Resources United Kingdom Limited, Tailwind holds 25% interest of the Columbus Development. Other participants are Serica Energy plc (50% interest, operator) and Endeavour Energy UK Limited (25% interest).