FluidOil & Steam Oil Cooperation Agreement

The Steam Oil Production Company (“Steam Oil”) is pleased to announce that it has entered into a cooperation agreement with FluidOil, the independent international heavy oil technology company, to explore the potential of integrating FluidOil’s Viscositor Heavy-to-Light (“VHTL”) oil upgrading technology into an offshore steam flooding project.

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29th UKCS Seaward Licensing Round

On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had applied for four part blocks surrounding the Pilot field. We were delighted to learn that we are to be offered all the blocks we applied for and look forward to working with OGA and industry partners to progress a steam flood demonstration project on the Pilot field.

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Presentation at "Finding & Exploiting New Petroleum Resources in Europe"

Finding Petroleum are hosting a conference on Finding & Exploiting new petroleum resources in Europe at the Geological Society in London on the 10th March. We are happy to be presenting our views on heavy oil development in the North Sea and the Western Platform Steamflood project at the meeting. The tag line for our talk is "Twice the oil in half the time". 

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Steam Oil to Acquire the Elke & Narwhal Discoveries

The Steam Oil Production Company is pleased to announce that it has entered into a sale and purchase agreement with EnQuest Heather Ltd to acquire a 100% interest in Licence P1996, made up of blocks 28/2b and 28/3b, which cover the Elke and Narwhal discoveries. The transfer of the interest is subject to approval by the Oil & Gas Authority (OGA), which would also require OGA's approval of The Steam Oil Production Company Ltd as licence operator.

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Steam Oil Presentation at DEVEX 2015

Steve Brown, CEO of The Steam Oil Production Company Ltd, presented the company's evaluation of the feasibility of implementing Europe's first offshore steam flood on the Pilot field at the DEVEX 2015 conference in Aberdeen in the closing session on the 21st May 2105. The presentation addressed head on the conventional wisdom that offshore steam flooding is not feasible due to excessive heat losses, and went on to show the potential for an incremental two billion bbls of recoverable oil from already discovered fields on the UKCS

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Steam Oil Updates Pilot Project Evaluation

Since being awarded, in the 28th seaward licensing round, Licence P2244, which covers the well appraised Pilot and Harbour fields, The Steam Oil Production Company has been progressing internal studies on the Pilot development project. This work has increased the company's confidence that steam flooding is both feasible offshore and is the approach which will maximise economic recovery from the Pilot oilfield. 

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The Steam Oil Production Company Ltd launches its website.

We formed this company to participate in the 28th Licensing round and we were delighted to be offered the block we applied for. But we are only just beginning our story, and we felt that we should start with a website, so that our potential partners, suppliers and contractors can learn more about us and indeed tell their friends and colleagues about The Steam Oil Production Company Ltd.

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28th UKCS Seaward Licensing Round

On the 6th of November the UK Government announced the results of the 28th Seaward Licensing Round. The Steam Oil Production Company had applied for two blocks 21/27a and 28/2a. We were delighted to learn that we are to be offered these blocks and look forward to working with DECC and industry partners to create a viable development plan for the Pilot and Harbour discoveries.

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