North Sea oil news

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.

Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner.

The company has announced that its wholly owned subsidiary Lundin Norway AS has completed exploration well 2/6-6S, targeting the Oppdal and Driva prospects in PL860 in the North Sea.

Equinor has awarded Aibel the EPC contract for the final bridge on the Johan Sverdrup field.

The company has announced the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea.

The company has announced the spud of the ENI UK Limited operated Rowallan exploration well 22/19c-G.