PGS kicks off their MC season in NWEurope this week
Ramform Tethys to acquire a 3D MultiClient survey offshore East Shetland before heading to the Norwegian Barents Sea.
Exploration
Oil and gas exploration in The Philippines
Although the Philippines remains very much underexplored, working petroleum systems, proven hydrocarbon accumulations and an energy hungry economy suggest a promising future for oil and gas exploration and production in…
UKCS: Lancaster has reached 20,000 bopd
Q1 2020 Production Lancaster EPS Quarterly Production Update Q4 2019 Q1 2020 Oil Production Million barrels 1.1 1.4 Oil Rate Barrels of oil per day (bopd) 11,800 14,900 …
Important value – complicated geology
PGNiG’s discovery East of Skarv, on the NCS last autumn is a typical example of near field exploration giving «high value barrels».
Ireland: Barryroe project back on track?
Irish based Providence Resources P.l.c. strives to secure the Barryroeoil field farm-out process.
Wintershall Dea with promising discovery
The primary exploration target for the well was to prove petroleum in reservoir rocks from the Early and Middle Jurassic (the Ile Formation and the Tilje Formation). The secondary exploration…
NCS: Repsol reduces exploration activity
Repsol is now revising its exploration strategy and will reduce exploration activity in Norway. The company will focus on its existing portfolio as well as exploration around existing infrastructure and…
UKCS: Moray Firth Basin – Still Delivering
The major operators in the UK Moray Firth Basin are cooperating for the continued development of the basin.
NCS: Slowdown in drilling activity
«The number of explortion and appraisal [E&A] wells will most likely drop below 30 this year, and the low oil price is of course the reason,» says Anders Wittemann with…
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,…
Rystad Energy expects a 17 % CAPEX decline in 2020
This will be the lowest CAPEX of the last 13 years. In their scenario, Rystad Energy expects 34 USD per boe in 2020 and 44 USD per boe in 2021.…
Norway kicks off APA 2020 – 36 new blocks for public consultation
The Ministry of Petroleum and Energy has kickstarted Norway’s annual licensing round – Awards in Predefined Areas (APA), in a press release. The first step is a public consultancy on…