North Sea oil news

Recoverable resources are so far estimated at between 3 and 4.2 million m3 of recoverable oil equivalent, corresponding to 19 – 26 million boe.

Oil production in March was 0.7% lower than the Norwegian Petroleum Directorate’s forecast, and 0.2% lower than the forecast so far this year.

The aim of the tool is to better qualify and quantify forecasting for operators and regulators.

Leading the group is unmanned aviation business Flylogix, who alongside US gas sensor technology company SeekOps and supported by OGTC, are operationalising the accurate measurement of methane emissions in the offshore environment.

Taurob and Equinor are partnering up to introduce autonomous ATEX-certified robots to Equinor's oil and gas installations offshore Norway.

The extension, awarded eight months ahead of the renewal date, takes Petrofac’s contract for operations, maintenance, engineering and construction support for NEO Energy’s UK activities, through to December 2022.

The eight-year contract with the Norwegian Petroleum Directorate will see Halliburton deploy and operate Diskos, Norway's national repository of seismic, well and production data.

The wildcat wells will be drilled about 10 km west of the Fram field.

Ithaca Energy has sanctioned EOR Stage 2, the next phase of development at the Captain Field in the UK Central North Sea.

The company’s environmentally acceptable corrosion inhibitor product line has been developed to enable E&P organisations to economically extend the life of their assets in a sustainable way.