Offshore & subsea - 17 June 2021

The semi-submersible rig Scarabeo 8 is due to begin operations in the Norwegian North Sea in 4Q21.

According to the Norwegian Petroleum Directorate, there are 3.42 million m3 of oil equivalent or 21.52 million boe of remaining reserves in the Brage field.

The one-year contract is expected to commence in January 2022.

The contract provides that the drilling rig can be on location in the Etame Marin block as early as December of this year.

3-4 new gas wells will be drilled at the Valemon field in the North Sea in 2021 and 2022, which will extend profitable operations at the Heimdal field.