North Sea oil news

The company signed a deal with VARD shipyard in Norway to purchase the vessel in late 2018. The vessel is currently undergoing an operational readiness programme and will begin work in the first half of 2019.

Norway is expected to spend the highest new-build CAPEX of US$21.2 billion on the development of the planned and announced projects, among the countries in the North Sea, during the period 2019 - 2025.

The Norwegian Petroleum Directorate is giving a green light to using the C platform on the Gullfaks field in the North Sea until 30 June 2036.

The company has announced that drilling operations have commenced on well 20/05b-14 on UK Seaward Licence P2170, Blocks 20/5b & 21/1d using the semi-submersible rig West Phoenix.

The company has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea.

The drilling programme includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea, with contract commencement expected in Q2 2020.

The projects confirm Shearwater’s Isometrix crews will be active in 2019, on 4D projects in the North Sea and Barents Sea.

UK and Netherlands-based subsea provider N-Sea has announced that it has been awarded two new contracts.

Geologists at the University of Aberdeen have discovered a huge swathe of the North Sea left unexplored for oil and gas because of so-called ‘phantom’ volcanoes they have proven don’t exist.

The company, which is the operator of production licence 248 C, has completed the drilling of wildcat well 35/11-22 S.