Norway/NCS ///

Proserv secures multi-million-dollar Repsol contract

Proserv has secured a contract worth $5.5million with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.

TGS announces further expansion of Atlantic Margin multi-client program

TGS announces an expansion of its Atlantic Margin multi-client program in the Norwegian Sea. The new AM18 3D Extension, will comprise 5,135 km² of 3D seismic data and covers a variety of play models with stratigraphic and structural traps in Paleocene and Cretaceous turbidite/fan deposits.

PDO approved for Fenja field in the Norwegian Sea

Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that the Norwegian Minister of Petroleum and Energy has approved the plan for the development and operation (PDO) of Fenja field.

Faroe Petroleum reports preliminary results of Fogelberg appraisal well

Faroe Petroleum has provided an update with preliminary results of the Fogelberg appraisal well in the Norwegian Sea (Faroe 15%).

Lundin Norway begins drilling for extended well testing of Alta discovery

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing.

OMV strikes gas northwest of Morvin field in the Norwegian Sea

OMV (Norway) AS, operator of production licences 644 and 644 B, is in the process of completing the drilling of wildcat well 6506/11-10 in PL 644 B. The well was drilled about 5 km northwest of Morvin field in the central part of the Norwegian Sea and 245 km northwest of Kristiansund.

OKEA announces approval of revised PDO for Repsol's Yme field

OKEA, the Seacrest Capital-backed oil and gas development company focused on the Norwegian Continental Shelf, has announced that approval was received for the revised development plan for the Yme field by Norway’s Ministry of Petroleum and Energy.

Faroe Petroleum reports significant shows at Hades, Iris prospects

Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), in the Norwegian Sea.

Wintershall strikes gas southwest of Aasta Hansteen field

Wintershall Norge AS, operator of production licence 894, is in the process of concluding the drilling of wildcat well 6604/5-1. The well has been drilled about 115 km southwest of Aasta Hansteen field in the northern part of the Norwegian Sea.

Chrysaor farms in to Grevling discovery in Norwegian North Sea

Chrysaor, the leading oil & gas independent has, through its Norwegian subsidiary, Chrysaor Norge A.S., entered into an agreement with OKEA to acquire a 15% interest in the PL038D licence.

Lundin Norway successfully completes Luno II appraisal well

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has successfully completed the Luno II appraisal well 16/4-11 in PL359 on the Utsira High, in the Norwegian North Sea.

Statoil awarding Askeladd development contracts

Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development.

Faroe's hunt for oil deals could see it double in size

Faroe Petroleum Plc is hunting for offshore oil and gas assets in Norway and the UK, with an appetite that could equal the current size of the company itself -- about $550 million.

Statoil becomes operator of Martin Linge field, Garantiana discovery

Statoil and Total have completed their previously announced transaction, whereby Statoil has acquired Total’s equity stakes in and taken over the operatorships of Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.

Merkel looks to LNG to cut Germany's dependence on Russia

Angela Merkel’s government is seeking to build a LNG industry in Germany to reduce the nation’s dependence on supplies from Russia and Norway.

Norway's leading oil major rebrands to broaden its energy reach

Statoil will change its name to Equinor as it seeks to broaden its energy reach beyond oil and gas production.

Statoil granted drilling permit for well 34/8-19 S in production license 120

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 34/8-19 S, cf. Section 15 of the Resource Management Regulations.

Statoil invests NOK 5 billion for further development of Snøhvit field

Statoil and its partners have decided to invest just over NOK 5 billion in the further development of the Snøhvit field in the Barents Sea, which will provide feedstock for the LNG plant at Melkøya in Hammerfest. The development of Askeladd is part two of the multi-phased Snøhvit development.

Aging oil fields defy gravity to pump more crude

Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude.

Statoil invests in offshore digital technology

An integrated operations support center and a drilling operations center will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than $2 billion from 2020 to 2025 before tax.