North Sea oil news

First gas has been achieved from a new well in the Chiswick field in the Southern North Sea, while first oil has been achieved from a new well in the Chestnut field.

The HullGuard system involves installing a tubular ‘periscope type’ anode with an integral dielectric shield, through an ODIN® type class approved access port fitted to the inside of the ship’s hull.

INEOS has decided to postpone its scheduled maintenance for the North Sea Forties pipeline system (FPS) in a move that Rystad Energy calculates will add several hundred thousands of extra barrels to the market every day.

In an operations update, the company said it remains focused on operating in a low oil price environment.

Planned 2020 CAPEX on the company's UK producing assets is expected to be below US$45 million, reduced from the original forecast of US$65 million.

Engineering for the two well hook-ups at the Brage platform will start immediately.

OKEA has said the Yme offshore project in the Norwegian North Sea, operated by Repsol, remains on schedule for first oil in 2H20.

The two affected sites are the Heather and Thistle/Deveron fields.

Unity will maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea and the Dutch sector of the North Sea.

Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent, say Rystad.