North Sea oil news

The two wells, north of the Edvard Grieg field, have confirmed a combined updated gross resource range of 12 – 60 million boe.

The work awarded to the two companies is required to finalise the technical definition of the proposed development prior to Aker BP and its partners making the final investment decision in late 2022.

The topside modification contract award from ConocoPhillips follows final investment decision by the licence partners and the completion of the front-end engineering and design (FEED) work, awarded in October 2020.

Siemens Energy will supply the complete packages for the electrical transmission, distribution, and power management system (PMS) for the Troll West electrification project in the North Sea.

The drilling programme for wells 35/10-7 S and A relates to the drilling of a wildcat well and an appraisal well.

The work, which is being managed out of Ardyne’s Aberdeen headquarters, has commenced and is expected to last up to four years across two assets in the North Sea.

The divestment of the licences to Quattro Energy will see United exit activities in the North Sea region.

Resources for the Bergknapp oil discovery are estimated at 40 - 84 million boe after appraisal.

Based on resources of 21 million boe and its proximity to the nearby Alba infrastructure, Wood Mackenzie assumes the discovery could be an ideal candidate for a short-cycle, high-return tie-back to the Ithaca-operated facilities.

Aker BP’s preliminary resource estimate for the discovery was between 13 and 32 million m3 of recoverable oil, but this is likely to be downgraded.