Drilling & production

Based on extensive mapping of the underground the remaining potential of the Statfjord area is still considerable, according to Equinor and its partners.

Wintershall Dea Norge AS, operator of production licence 894, is in the process of concluding the drilling of wildcat well 6604/6-1 in the Norwegian Sea, according to the Norwegian Petroleum Directorate.

The company has said it achieved an estimated 2019 total CAPEX of US$300 million and OPEX (ex-lease costs) of US$11/boe, both below original guidance.

Formal technical environmental approval for the development of the Selva Malvezzi Gas-Field (Selva) in northern Italy has been received from the Italian Environment Ministry.

The Baker Hughes US land rig count declined by 49 rigs from the week ending 4 October 2019 through the week ending 27 December 2019, a greater decline than what the company expected.

Drilling in block 6507/8 is scheduled to begin in mid-January 2020, and is estimated to last for 67 days.

The Vali-1 ST1 gas exploration well operated by Vintage Energy is being drilled through the Patchawarra Formation in Australia at a measured depth of 3059 m.

The first phase of the plan to reduce emissions by 2030 means more than 5 million t in annual reductions, representing around 10% of total annual Norwegian greenhouse gas emissions today.

Glass has over 20 years’ experience as both an executive director and as an independent non-executive director of international companies.

Lekoil 310 Limited, a wholly owned subsidiary of LEKOIL, has entered into a binding loan agreement with the Qatar Investment Authority, the sovereign wealth fund of Qatar, in the amount of US$184.0 million.

With the successful Serenity discovery and remaining potential at Liberator, the company has begun planning a mid-2020, multi-well appraisal programme and is simultaneously conducting a farm-down process of its licences to potentially fund the 2020 drilling campaign.

As part of the initial closing, WIS acquired businesses and assets in 16 countries. Another 9 jurisdictions are expected to close in the coming months pursuant to the terms of the purchase agreement.

The Leviathan field was discovered in 2010, and the initial development phase was sanctioned in 2017.

The new contract award, under a 10-year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement and Construction Management (EPCM) services contract for the Mabrouk North East Development Project in Oman.

Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.