North Sea oil news

Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.

The new facility will enable the Group to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle Development Area Project in the North Sea.

The company has said that the volumes flowed during the test are equivalent to over 10 000 boe/d.

The wildcat wells were drilled in production licence 090 in the northern North Sea.

Worley will complete the engineering design and procurement of equipment packages to enable increased oil recovery and extend production of the Captain field in the central North Sea, operated by Ithaca Energy.

Four out of a total of five jackets have been built and delivered from Aker Solutions’ yard in Verdal, Norway, to the Johan Sverdrup field.

Completion of phase 2 of the 11 000 km2 UK Mid North Sea High 3D seismic survey, expected in mid-October, will increase the programme survey area six-fold.

‘Digital twins’ have been created for the K9-A, L5-D and F3-B platforms in the Netherlands, Gjøa in Norway, and Cygnus in the UK Southern North Sea.

The company has repurposed existing fibre optic infrastructure to support the restoration of production to 1000 bbl at a previously shut-in North Sea asset.

75% of contractors anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked in 2015.