North Sea oil news

The drilling programme for well 16/1-34 S concerns the drilling of an appraisal well in production licence 167. Lundin Energy Norway AS is the operator with an ownership interest of 40%.

Finder Energy has acquired the UK North Sea P2502 and P2524 licences from Azinor Catalyst Ltd.

The Haltenbanken East project will be developed as a unit between four different licences, and comprises six discoveries and three prospects with a combined volume in the order of 100 million boe, mostly gas.

The Dvalin North discovery, estimated to hold between 33-70 million boe, is 12 km north of the company’s operated Dvalin field, and 65 km north of the operated Maria field.

A recent report by Wood Mackenzie for the Oil & Gas Technology Centre stated the growth in offshore renewables, hydrogen and CCUS could more than double the economic impact of the UKCS, contributing £2.5 trillion to the UK economy and creating over 200 000 new jobs.

TechnipFMC will design, manufacture, deliver and install subsea equipment for Ithaca Energy's Captain EOR project.

The well was drilled 26 km south of the Sleipner Øst installation and 9 km south of the Grevling discovery in the North Sea, about 240 km west of Stavanger.

The 20-month contract will see ASCO service the IOG's five-well development of the Southwark, Blythe and Elgood fields via its Great Yarmouth hub.

Anne-Marie Trevelyan MP will give the opening address at Subsea Live, a new TV studio-based event organised by Subsea UK for later this month.

Submissions to the Call for Ideas must focus on technologies that will decarbonise offshore operations and help the UK become the world’s first net zero basin.