North Sea oil news

The transaction includes the undeveloped Cambo and Rosebank fields in the UK North Sea.

A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.

The offshore works saw the recovery of 135 concrete mattresses, more than 12 km of rigid pipelines, 15.5 km of flexibles, and around 1500 grout bags.

The agreement, the first well services contract between the companies, includes well integrity remediation services and SCP mitigation.

Oil Plus will develop and deliver a proactive topsides maintenance resilience and equipment reliability programme for the unnamed operator.

The end user, a major operator, will deploy Oceanic Environmental Control Fluid in a field in the North Sea.

The key assets being acquired include non-operated interests of 20% in the Greater Catcher Area, 50% in the Scolty and Crathes fields as well as 21.83% in the Scott and 1.59% in the Telford licences.

The 83-m high steel jacket, weighing around 8500 t, will also be delivered by Allseas’ Pioneering Spirit construction vessel in April.

The contract includes the provision of Operations and Maintenance support for Spirit Energy’s York platform in the Southern North Sea, and Engineering, Project, and Consultancy services for all of the operator’s North Sea assets.

The operations in the reservoir section are still at an early stage and it has yet to be confirmed if commercial volumes are present.