North Sea oil news

The operator became the largest independent E&P company in the region following the US$3 billion deal with Shell earlier this year to acquire the platforms as part of a larger asset package.

The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Area, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion.

Now with the responsibility for a strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas output, INEOS has further strengthened its long term oil and gas activity.

Wellesley Petroleum AS, operator of production licence 881, has completed the drilling of wildcat well 33/9-22 S. The well is dry.

Norway's PSA has given Statoil consent to use the Songa Equinox mobile drilling facility to drill well 31/2-S-24 AY1H on the Troll field.

The plugging and abandonment (P&A) work in the Valhall Field for Aker BP involved the use of BiSN’s metal-to-metal downhole sealing solutions.

“A cautious optimism has returned to the industry, as it weathers the storm of the past three years,” said Graham Hollis, Senior Partner for Deloitte.

Tata Steel has increased its commitment to the North Sea and the global oil and gas industry by announcing a near £2 million programme of investments.

A major new in-depth labour market analysis of the oil and gas industry is to be carried out to determine the conditions of the sector and to shape a new skills strategy for the continued success of the UK Continental Shelf (UKCS) over the next 20 years.

The Goanna licence is located in the northern part of the Norwegian North Sea, near the border with the UK and adjacent to the giant producing Statfjord and Snorre fields.