North Sea oil news

Wells 35/11-21S and 35/11-21A were drilled in production licence Pl248I where Wellesley holds a 60% operated interest.

The Norwegian company has reported adjusted earnings of US$2 billion after tax in 3Q18, and reduced its net debt ratio by 1.5% to 25.7%.

The award will see the firm continuing to support all of the operator’s North Sea facilities, including the Lomond, Everest and Armada installations.

Following over a year of development, BiSN’s award-winning Wel-lok M2M technology was deployed via E-line in collaboration with Altus Intervention in AkerBP’s Valhall A-30 well in the Norwegian North Sea.

The agreement is for engineering, procurement and construction works related to the modification, repair and life extension of the Petrojarl Varg FPSO.

The two-year contract extension is for the delivery of integrated specialist asset integrity services for Chrysaor’s Armada, Everest and Lomond offshore production platforms located in the Central North Sea.

The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.

The company has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea.

The overall value of the contracts is approximately US$400 million.

On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream.