North Sea oil news

The umbilical will be delivered in 2Q21 and will connect the Elgood subsea well to the Blythe platform.

Petrofac will integrate operations, maintenance, engineering, construction, and onshore and offshore technical support across Ithaca’s North Sea operated asset base.

The OGA has concluded that seismic data acquired under an exploration licence and which are more than 10 or 15 years old, depending on the type of data, can be made available through application to the OGA.

Independent Oil & Gas has until 5:00pm on 9 October 2020 to either announce a firm intention to make an offer for Deltic Energy or declare that it does not intend to make an offer.

The company will continue as ConocoPhillips' main supplier of maintenance and modifications work offshore Norway.

The well is located in the Fenja field in the Norwegian North Sea.

The 113 licences have been offered over 259 blocks or part-blocks to 65 companies.

The contract with an unnamed UK oil and gas operator, worth an annual six figure sum, has two additional one-year extension options.

Estimated decommissioning costs have, to date, reduced by 19% since the OGA began benchmarking in 2017.

The partnership with Eserv is part of the first phase of Neptune Energy’s strategy to “digitise” its assets and processes.