More exploration around Hades/Iris
Hades/Iris was the largest discovery of 2018 off the coast of Mid Norway with potentially 245MMboe gas and condensate (read also “500MMboe in 2018”). OMV found gas and condensate in…
Exploration
Cross-border exploration
Shell, Spirit Energy and Faroe Petroleum have been awarded PL 969 (blocks 1/6 and 1/8) over the Norwegian side of the cross-border Edinburgh prospect in the recent APA licensing round.…
Dry well in Moray Firth
The Wick exploration well 11/24b-4 in license P2235 in the inner Moray Firth area of the UKCS is in the process of being plugged and abandoned after disappointing results. Upland…
Small gas discovery in the Norwegian Sea
Equinor has together with partners Petoro, ExxonMobil and Total discovered 6-25 million boe gas and condensate in the well 640672-9S Ragnfrid North, which lies south of the Kristin Field in…
83 APA awards- another record
The previous record holder was APA2017 with 75 new awards. Of the 83 production licences awarded in APA2018, 37 are in the North Sea, 32 in the Norwegian Sea and…
Farm-in: a bad choice?
David Moseley from Westwood Global Energy presented insights on NW Europe exploration drilling and farm-in performance at Prospex in London. The farm-in market is recovering but Norway seems slower to…
New production record in 2023
Bente Nyland, Norwegian Petroleum Directorate’s Director General, presented mostly good news from the Shelf in 2018. With great enthusiasm about the high activity she looked back at 2018 and showed…
i3 Energy plans well campaign
i3 Energy, an independent oil and gas company with assets in the UK announces a drilling campaign with Dolphin Drilling for a three-well appraisal and development drilling in summer. The…
The only way is up
WoodMac analysists expect that oil exploration in the North Sea will bounce back in 2019 with 60 exploration wells on the drilling schedule for the UK, Norway, Denmark and the…
No luck for Mol on Mandal High
The NPD announced today that Mol Norge is finishing well 2/6-6S in PL860 in the southern part of the North Sea at the Mandal High. The targets for the well…
Increasing investment in oil and gas
Investments in the Norwegian oil and gas industry are expected to rise to 184.5 billion NOK in 2019 from 159 billion NOK last year. The investments in oil and gas…
Lundin tests Lower Cretaceous play in Hammerfest Basin
Exploration well 7121/1-2 S is drilled in PL767 with Lundin Norway as the operator (50%) and partners INPEX (40%) and DNO (10%). The Pointer/Setter prospect is located southeast of the Alta/Gohta…