North Sea oil news

The Atlantic region has recently been awarded three new contracts in the North Sea.

Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.

The company, together with partners Esso Exploration and Production UK Limited and Arco British Limited, LLC, has announced the final investment decision for a Shearwater gas infrastructure hub in the central North Sea.

The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 35/4-2, cf. Section 15 of the Resource Management Regulations.

The contract will create two new roles (a customer support engineer and a technical advisor) and will also increase the service engineer team by 10%.

The integrated business, 'Neptune Energy Norge', will be amongst the top five independent producers on the Norwegian Continental Shelf and will become the operator of the Fenja field development project in the Norwegian Sea.

The Ministry of Petroleum and Energy has approved the plan for development and operation of the Troll Phase 3 development.

The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million bbls.

The discovery well, which is located 6 km south of the Beryl Alpha Platform, was placed on production in late November, less than eight months after being drilled in March 2018.

The companies have signed a binding agreement to swap interests on the Norwegian Continental Shelf.