Norway/NCS ///
Last week, I was in London at the Oil & Gas Council World Energy Capital Assembly (WECA), speaking on a panel about collaboration and capital efficiency in a new oil world.
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.
Neptune Energy has announced it has completed integration with the former VNG Norge business.
Decom North Sea, the membership organization for the oil and gas late life and decommissioning sector, has successfully secured a Decommissioning Challenge Fund (DCF) grant award from The Scottish Government.
Ellon-based rotating equipment services provider Sulzer Wood Limited has been awarded a five-year contract extension to provide pump maintenance services for BP operations in the North Sea.
Through utilization of the PWC (Perforate, Wash & Cement) plug and abandonment method (P&A) on the Valhall field, HydraWell has contributed towards Aker BP executing its plugging program significantly quicker than planned.
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of $918.5 million (NOK 7.8 billion) will help extend the productive life of the Troll field beyond 2050.
Well 35/11-22 S will be drilled from the Deepsea Bergen drilling facility in position 61°5'2.27"N and 3°20'56.92"E after completing the drilling of wildcat well 6407/11-1 for Equinor Energy AS in production license 751.
Subsea tieback solution to Gjøa platform proposed for Norwegian North Sea oil and gas development.
The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 MMbbl.
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 the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea (Faroe 15% working interest).
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 it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (“Equinor”) to swap its interests in the Njord, Hyme redevelopment and Bauge development assets (the “Divested Assets”) in return for interests in four production assets on the Norwegian Continental Shelf: Alve, Marulk, Ringhorne East and Vilje (together the “Acquired Assets”) on a cashless basis (the “Transaction”).
Equinor and Faroe Petroleum have agreed on a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS).
Equinor is stepping up its use of wired drill pipe to acquire subsurface real-time data during drilling operations, in line with the corporate digitalization strategy and to prepare for automated drilling.
Petrofac’s engineering and production services (EPS) business has secured a condition monitoring contract renewal from TAQA in the UK following competitive tender.
A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa fields in Norway for ~$526 million (4,52 billion NOK) to OKEA AS.
The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for well 6406/6-6 A, cf. Section 15 of the Resource Management Regulations.
C-Kore Systems have successfully completed a contract with Norske Shell, where their C-Kore subsea testing tools were used to assist with fault-finding in the Draugen field offshore Norway.
Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid.
Equinor Energy AS, operator of production licence 615, has completed the drilling of wildcat well 7324/3-1.