North Sea oil news

The licence and assurance will allow certain US and US-owned or controlled entities and also non-US entities to continue providing goods, services and support to Rhum beyond 31 October 2019; when the current licence expires.

The first cargo of oil from the field is expected to leave for customers in Asia this week, and contain 1 million bbl with a market value of approximately US$60 million.

The company provides EPC services to the oil, gas and energy industries including engineering and maintenance of North Sea platforms from concept through to decommissioning.

The assets will provide Neptune with an estimated 30 million boe of 2P reserves.

Operations involved drilling over 2000 m and acquiring more than 1400 high quality samples and over 900 m of seismic PCPT data.

The SA-01 appraisal well in the Serenity field in the North Sea has been spud.

Petrofac will provide facilities and well support to Jersey Oil and Gas' Greater Buchan Area development in the North Sea.

Johan Sverdrup has expected recoverable reserves of 2.7 billion boe and the full field can produce up to 660 000 bpd at peak.

Start-up of the Valhall West Flank facility in the North Sea will take place this autumn.

Valaris will provide the Rowan Gorilla VI (VALARIS JU-248) to drill four firm wells for the development, which is located in the Central North Sea.