North Sea oil news

Wood will work with Equinor to drive down costs, increase efficiency and improve sustainability across the company’s Snorre A, Snorre B, Visund, Grane and Martin Linge platforms.

The investigation will look into a possible failure by unnamed companies to maximise economic recovery from the North Sea.

The company's production guidance for 2021 has been increased to between 180 to 195 000 boe/d, from the original guidance of 170 to 190 000 boe/d.

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.