North Sea oil news

Valhall and Hod have passed one billion barrels of oil equivalents (oil, gas and NGL) produced – thus more than three times what was expected at the opening of the field in 1982.

Expro, has strengthened its well abandonment services with the appointment of senior project manager, Bill Inglis.

Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).

On 30 December 2016 Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS).

Gullfaks is a prime example of the best that this industry has achieved in Norway.

Troll B has produced 1 billion bbls of oil equivalent since it came on stream on 19 September 1995. Troll B and C combined have been the largest oil producer on the Norwegian continental shelf for the last three years.

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-22 S, cf. Section 8 of the Resource Management Regulations.

The contract, managed out of Aberdeen, covers the provision of marine warranty and assurance services in support of ENGIE’s operations across the UKCS.

The company has reported a positive year in 2016, including a recruitment drive resulting from increased activity both internationally and in the North Sea.

The strategic partnership with Centrica will allow the companies to work closely together in optimising the Oda field project.