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November 15, 2021

ECC sells 15% of UK Gas production

ECC sells 15% of UK Gas production

In recent years the Energy Contract Company (ECC) has had considerable success in selling gas on behalf of small and medium gas producers on the UKCS. Some of these deals are evergreen and others are for a contract period of around 3 years. In the recent past ECC has negotiated significant gas sales for Serica and Spirit Energy which are still running. In the last year we have concluded a series of deals for; The Rhum Management Company, Zennor Petroleum, ONE-Dyas, IOG, CalEnergy, Waldorf, Tailwind and Serica again. By Q1 2022 total gas flows under these deals will be close to 600 mmcfd. This is equivalent to around 15% of total UKCS production.