334MMbo offshore Ghana
The main Pecan field, located in ultra-deep waters ranging from 2,400 to 2,700 metres about 115 kilometres offshore Ghana, will be developed with a Floating Production Storage and Offloading (FPSO)…
Oil & Gas
Maria still shut-in
In an interview with Sysla, Mario Mehren CEO Wintershall, confesses that he is disappointed how the Maria field has performed so far and that there is uncertainty when it will…
PDO for Luno II
The Solveig oil discovery in PL359, is located 15 km south of the Edvard Grieg field and will be developed via a subsea tie-back to the Edvard Grieg platform, involving…
Oda on stream
Spirit Energy, operator of the Oda field has announced that it started producing from the Oda field almost 5 months earlier than planned and under budget with a 15% reduction…
The world’s cleanest production
At the annual conference of the Norwegian Oil and Gas Association on the 14th of March, Equinor presented a study from Stanford University which shows that the world’s CO2 emission…
More production from the UKCS
The “Projections of UK Oil and Gas Production and Expenditure Report” published by the OGA, expects that UK oil and gas production over the period 2016–2050 is reaching 3.9 billion…
Premier further develops Catcher area
In its 2018 Full Year Results, Premier Oil announces a record production of 80.5 kboepd of which 46.8 kboepd from UK assets. Highlights from Premier’s UK activities are the increase…
Europe and North America not contributing to growth in sanctioned volumes
Oil and gas market analyst Rystad Energy is expecting a rise in 2019 of final investment decisions (FID’s) on new petroleum projects (excluding shale and tight oil and gas prospects)…
North Sea production is growing again
Rystad Energy has identified three key drivers for the expected production growth: production itself, breakeven prices for new projects and total spending. Production evolution The production in the North Sea…
From 98 to 108 MMbopd
According to the 2019 BP Energy Outlook, the Evolving Transition’ (ET) scenario, oil consumption will grow from 98 to 108 MMbopd from now and up to 2040. India (4.8MMbopd), China…
Cara developed as Duva
Neptune Energy, together with partners Idemitsu, Wellesley Petroleum and Pandion Energy submitted their Plan for Development and Operation for Duva to the NPD. Duva’s recoverable resources are estimated to be…
8.3 billion Scm left on the NCS
The Norwegian Petroleum Directorate (NPD) estimates that the total proven and unproven petroleum resources on the Norwegian Continental Shelf is about 15.6 billion standard cubic metres of oil equivalents at…