North Sea oil news

The maintenance work started on 23 June and ended 20 July, two days ahead of schedule.

Gjøa P1 is on track to achieve first oil two months ahead of the original plan.

Saipem and Vår Energi have reached an agreement for the execution of 4 wells to be drilled in the Barents Sea and in the North Sea.

Callum Falconer and Steve Simpson have both been nominated onto the DNS board, following a period of time spent as nominated members of the organisation’s Decommissioning Leadership Group.

The acquisitions remain conditional on agreeing the terms of the refinancing of Premier’s existing credit facilities, equity funding and customary other approvals, including shareholder approval.

The company is to resume drilling in the Barents Sea and the North Sea.

Premier Oil is seeking a four-to-five year extension to debt due next year.

Aurora is a small gas discovery in the North Sea located west of the Gjøa field.

Head Energy was awarded the frame agreement for modifications at Brage in 2016 and the extension means that the contract now runs to 2022.

Hydrocarbons were discovered at the Dugong well (PL 882), located in the Norwegian sector of the North Sea, last week.