North Sea oil news

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.

Fairfield Betula Limited has awarded Solstad Offshore ASA long-term contracts for two Platform Supply Vessels, ‘Far Symphony’ and ‘Normand Aurora’ in the UK Sector, North Sea.

The Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, has officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years.

The company's indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited, has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK) Limited.

This appears from the status for Norwegian projects under development published the Government’s national budget proposal for 2019.

Equinor, ENI and Petoro have completed an appraisal well on the Cape Vulture discovery, and found a volume potential of 50 – 70 million recoverable barrels of oil.

Awarded under an existing framework agreement signed in 2016, the scope of the contract includes engineering, procurement, construction, installation and commissioning (EPCIC) associated with well hook-up on the facility.

Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5% interest in the Tyra West pipeline.