North Sea oil news

The Mugnetind discovery is estimated to contain recoverable resources between 5 and 11 million boe, which is not considered to be commercial in isolation.

Three companies currently operating FPSOs on the UKCS have submitted detailed proposals to Orcadian.

Winners to be awarded a share of the fund will be announced in early December, with work to be completed by 31 March 2021 and project reports to be published in 2Q22.

The aim of the Odfjell Collaboration Alliance is to provide a complete service offering of rig, modular rig, jacking unit, wireline, plugs and all other services needed to successfully execute projects within P&A or slot recovery operations.

Expected recoverable reserves in Yme are estimated to be approximately 10 million standard cubic meters of oil – or 63 million barrels.

Noble Corp., the owner of the Noble Hans Deul rig, has initiated an investigation into the cause of the issue.

The Evelyn field is expected to be on production, via the Triton FPSO, in 4Q22.

The company has increased its interest in Offshore Licence P2478 from 15% to 32%.

The Carra prospect lies to the East of the Crinan and Dandy discoveries and to the South of Fyne in the North Sea.

The well was drilled about 1 km west of the Solveig field in the North Sea.