Projects · Oil & Gas

Southern North Sea, Block 48/8b (Licence P2437), Sole Pit Basin, ~60 km off East Anglia·In developmentOil & Gas

Selene Gas Field Development

  • StageDiscovery awaiting development decision; Neo Next+ agreed to acquire Deltic (25% non-operated interest) May 2026; first gas estimated early 2031
  • Next milestoneCompletion of Deltic takeover; Neo Next+ to work with operator Shell to assess development
  • Last checked1 November 2026
Source: Sharecast News via Hargreaves Lansdown, Deltic Energy agrees recommended acquisition by Neo Next →

What has changed on this project, and when

  • Next milestone: Completion of Deltic takeover; Neo Next+ to work with operator Shell to assess development2 November 2026 · previously: FID targeted 2026 (may slip to 2027)
  • Stage: Discovery awaiting development decision; Neo Next+ agreed to acquire Deltic (25% non-operated interest) May 2026; first gas estimated early 20312 November 2026 · previously: FID target moved to early 2027 (first gas ~2029)

More Oil & Gas projects

The Wire is a free email every weekday morning. It brings you what regulators, government departments, network operators and developers have published, each item dated and linked to its source. Sign up and it lands in your inbox.