Upstream drilling news

Faroe Petroleum has announced significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), located in the Norwegian Sea.

The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.

Siccar Point Energy announced that on 28 March 2018, a sale and purchase agreement was signed with Shell UK Limited under which Shell will acquire a 30% non-operated working interest in UKCS licences P1028 and P1189 and a 22.5% non-operated working interest in P1830.

Egdon Resources plc has signed a Farm-out Agreement in respect of a further 5% interest in PEDL253 with Humber Oil & Gas Limited (“Humber”, a private company) under the same terms as the farm-out previously announced on 5 and 20 March.

Rowan Companies plc has announced that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a five well programme by Shell UK Limited for plugging and abandonment work on the Goldeneye platform in the Central North Sea. 

OMV (Norge) AS completes the drilling of the Hades and Iris exploration well 6506/11-10 in PL 644 B.

Otto Energy Limited has provided the following update on the Company’s 50% owned South Marsh Island Block 71 oil project following the ASX announcement by the operator, Byron Energy Limited.

Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million m3 of natural gas per day at plateau (around 30 000 boepd, is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%).

Minor oil discovery north-west of the Gjøa Field in the North Sea – 35/9-13, 35/9-14 and 35/9-14 A

Petróleos Mexicanos and Lewis Energy México signed the first Integrated Exploration and Extraction Contract (CSIEE) for the Olmos field, which is located in the state of Coahuila. The purpose is to assess and develop the Eagle Ford field in Mexico.