Posts by Terje Solbakk

Neptune makes a small oil discovery onshore Germany

Neptune Energy recently announced a small oil discovery with the Schwegenheim wildcat in the Rhine Valley in Germany. According to Neptune, the drilling operations reached a depth of 2,600 metres, with two layers found to be oil-bearing. Neptune’s managing director…

Bold test on a shady (?) prospect

Neptune has just spudded 6507/8-10 S on the Grind prospect east of the Heidrun field in the Norwegian Sea. The prospect has been matured over a long time. It was first mapped by Norsk Hydro in the 1980s, later held…

Aker BP slashes Barents Sea exploration in 2020

Aker BP announced that in response to the high uncertainty caused by the COVID-19 crisis, the company has decided to cut its investment program and financial framework for 2020. This means that e.g.: Non-sanctioned field development projects are put on…

OKEA and DNO cut exploration activities

OKEA  announced that they will postpone all project sanction decisions, such as drilling or seismic programmes. They will further cancel sanctioned plans where possible and as agreed with Joint Venture partners. These measures will according to OKEA result in reductions…

A closer look at Mol’s multi-level discovery

Yesterday’s announcement of the wildcat 25/8-19 S and the appraisal well 25/8-19 A reported a hydrocarbon discovery. But, not in the primary targets of Mol Norge and the PL 820 S, the prospects named Evra and Iving. Both prospects came…

Large volumes to be found offshore Greenland

The first delivery of the resource assessment project of the entire Greenlandic shelf in 2018 is now available to download for free for petroleum exploration companies. The Greenland Resource Assessment team: Geological Survey of Denmark and Greenland (GEUS), NUNAOIL and…

UK onshore: Horse Hill field approved for production

UK Oil & Gas PLC announced that the Oil and Gas Authority has approved the Horse Hill Field Development Plan and consented to the start of long-term production (“Production”) from the field. The field is situated onshore, in licence PEDL137…