Drilling & production - 11 January 2016

Hannon Westwood reports on 2015 drilling activity, results and M&A transactions in NW Europe.

The gas leak occurring at the Kårstø processing plant Thursday night has now been stopped.

The LEAP adaptive production system was installed on 12 December.

Re-drill of Isobel Deep well has discovered new hydrocarbons in additional sandstones.

The contract is the second to be awarded by this operator in Australia to AGSL in the last 12 months.

The fall in the Chinese manufacturing index, the Saudi-Iran standoff and North Korean nuclear test have all had a significant impact.

Africa Oil Corp. has reported that the previously announced farmout with Maersk Olie og Gas A/S has received approval from the Government of Kenya.