North Sea oil news

The module is currently on barge at Stord, Norway, and will be towed to the Johan Sverdrup field and lifted on board the riser platform by the heavy-lift vessel Sleipnir.

The US$17 million contract will see Petrofac fabricating, constructing and commissioning the topsides development.

The field will produce around 115 000 boe/d at plateau, with the start of production having been delayed from 2016.

Total investments in the project, intended to extend the lifetime of the Alvheim field, are projected at around US$1 billion and production is scheduled to start in 1Q24.

The companies say that the new unit will aim to recycle as much of the materials from decommissioned offshore platforms as possible.

Dagang NeXchange has increased its stake in Ping Petroleum to 90%.

OGUK's Methane Action Plan for the North Sea includes targets to reduce methane emissions by 50% compared to 2018, committing to 0.20% methane intensity by 2025 and stopping all routine flaring by 2030.

Production from the Breidablikk field in the North Sea is scheduled to start in the first half of 2024.

Last year, the Centre transitioned its seven existing solution centres into one Net Zero Solution Centre, with three core programmes, focused on reducing emissions, developing integrated energy systems and unlocking a digitised offshore energy sector.

The FPSO is located in UKCS Block 13/28a on the Blake and Ross Fields, 72 miles north east of Aberdeen, since 1999.