North Sea oil news

"At 250 million boe, CNOOC Ltd’s Glengorm is the largest gas discovery in the UK since Culzean in 2008,” Kevin Swann, a senior analyst with Wood Mackenzie’s North Sea upstream team, said after CNOOC and its partner Total announced the discovery.

The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines, flexible jumpers and subsea production systems.

The Glengorm discovery is located in License P2215 with a water depth of approximately 86 m.

Following Glendronach in September 2018, Total announces a new significant discovery in the North Sea offshore UK, on the Glengorm prospect located in the Central Graben.

The company’s wholly-owned subsidiary Lundin Norway AS has entered into an agreement with Lime Petroleum AS to acquire its entire Utsira High acreage position covering the Rolvsnes and Goddo basement area.

Jon Clark, EMEIA Leader for Oil & Gas Transaction Advisory Services at EY, comments on the recently published report by the National Audit Office identifying UK taxpayers’ potential exposure to £24 billion of North Sea decommissioning costs.

The surface controlled DSIV will be the first steam injection valve available on the market to meet UK safety regulations.

The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 25/1-13, cf. Section 15 of the Resource Management Regulations.

Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has been awarded a four-year contract with Neptune Energy to provide second and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.

The company has announced its partnership with subsidiaries of Royal Dutch Shell plc and Spirit Energy Limited following the award of PL 969 in the recent APA licensing round.