North Sea oil news

The contracts are awarded for a fixed period of around five years from May 2021.

Premier Oil will be renamed Harbour Energy but maintain its London listing as part of its reverse takeover by Chrysaor.

The integrity management and fabric maintenance contracts have been awarded to Oceaneering and Stork.

BP has relaunched the sale of stakes in a number of North Sea oilfields it agreed to sell to Premier Oil before Premier was taken over last year, according to industry sources.

Neptune Energy Norge has extended the contract for the Deepsea Yantai rig with an additional two wells in the Dugong area.

The drilling programme for well 16/4-13 S relates to the drilling of a wildcat well in production licence 359.

The Yme New Development project is now moving into the phase for hook-up, commissioning and preparation for production startup.

Equinor and its licence partners are aiming to increase the recovery factor from the North Sea Statfjord Øst field from 56% to 62%.

Preliminary estimates place the size of the discovery between 75 million and 200 million bbl of recoverable oil equivalent.

Operator Neptune Energy estimates the project will add 2.4 million m3 of oil equivalent (15 million bbl o.e.) from Gjøa.