Upstream drilling news

The contract is expected to commence in August 2020 and run through April 2022 with an option to extend.

The company was drilling northwest of the Balder field in the central part of the North Sea when it made the discovery of several oil and gas-bearing intervals.

Lundin Petroleum’s 2P reserves as at 31 December 2019 are 693.3 million boe and reflect a positive revision of 52.1 million boe, excluding asset transactions.

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant, which will be employed by Noble Energy for a one-well campaign offshore Colombia.

The contract requires the company to drill a series of onshore directional wells, with target depths in the 3000 m range.

From 1 May, foreign firms registered in China with net assets of 300 million yuan (US$43 million) will be allowed to take part in oil and gas exploration and production.

The licences to be sold to RDG GmbH contribute about 1000 boe/d to Wintershall Dea’s production, approximately 2% of the company's daily production in Germany.

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.

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.