North Sea oil news

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.

Operations included removing the 1280 metric t topside and the 3019 metric t jacket before transportation to the AF Environmental Base in Norway for recycling and reuse.

The company has signed deals including a 12-month production chemistry agreement with a North Sea FPSO operator worth a seven-figure sum, a chemical testing project for Vedanta (Cairn India) in India and a water injectivity study for SNEPCO, the operating arm of Shell in Nigeria.

The contract will be delivered by around 120 Wood employees across the offshore and onshore assets including the Clipper and Leman offshore assets, Bacton Gas Terminal, Kroonborg and Kasteelborg vessels and the Seafox4 barge campaign.

The Frosk field, located approximately 25 km southwest of the Alvheim FPSO in the North Sea, will be tied back to the FPSO via the existing Bøyla and Alvheim subsea infrastructure.

Based on preliminary assessments, there is uncertainty whether the reservoir in the Gomez prospect can be commercially produced and no estimate of recoverable volumes has been established at this stage.

The winning ideas will be allocated a share of the £1 million prize fund, to complete the proposed work by 31 March 2022.

Valaris jack-ups have been contracted for work offshore the Netherlands, the UK North Sea and offshore Timor-Leste.