The index charts the frequency with which oilfields in the North Sea report zero production compared to those exporting oil into pipelines in any given month.
Assuming an early September FID date, under the development schedule to be submitted in the finalised Phase 1 Field Development Plan, First Gas is expected to be reached in July 2021 from the Southwark field in the North Sea.
The three-year contract will see OPEX Group roll out its X-PAS predictive analysis service on the Buzzard, Golden Eagle and Scott platforms in the North Sea.
Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said the focus for any new buyer will be on increasing recovery and pushing out abandonment costs.
Paradigm Flow Services were asked to undertake a job to clean 28 cooling units on the Elgin platform in the North Sea.
The drilling programme for well 25/7-7 relates to the drilling of a wildcat well in production licence 782 S.