Drilling & production

Under the Norwegian APA 2015, Faroe Petroleum has been awarded six new prospective exploration licences, including two operatorships.

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Norway AS, has completed the drilling and evaluation of exploration well 6407/10-4 on the Lorry prospect.

In the APA round 2015, Statoil has been awarded 24 licenses on the Norwegian continental shelf.

Global oil demand growth flipped from a near five year high in 3Q15 (2.1 million bpd) to a one year low in 4Q15 (1.0 million bpd).

Drilling operations have commence on onshore well, located in Lincolnshire, UK.

Connacher has announced plans to reduce production at Great Divide.

Event to be hosted by Chief Executive, Neil Gordon

The contract is for the drilling of one exploration well located West of Shetland on the UK Continental Shelf.

Concho Resources Inc. has announced three separate transactions, which increase the company’s position in the southern Delaware Basin, high grade the company’s portfolio and reduce net debt.

The company is well positioned for oil industry’s call for greater co-operation as UK revenues grow to £140 million and £4.5 million profit.

Suncor Energy Norge AS has announced it has completed the drilling of wildcat well 25/10-14 S.

Chariot Oil & Gas Ltd has announced that in conjunction with its partners it has commenced a 3D seismic acquisition survey of approximately 2600 km2 in Blocks 2312 & 2412A, offshore Namibia.

Egdon Resources plc has reported the commencement of drilling operations on the Keddington-5 conventional sidetrack development well in UK Onshore Licence PED005R located in Lincolnshire.

The company has secured a contract to deliver twelve 450 t capacity heavy-lift cranes for six Ecolift F900 vessels.

The deal will see Fircroft provide around 250 business services contractors.