North Sea oil news

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.

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea.

The company has completed a subsea installation monitoring project for Subsea 7 in support of Equinor’s Utgard development, located in blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.

Aker BP ASA, operator of production licence 028 B, has concluded the drilling of appraisal wells 25/10-16 S, A and C on the Hanz field, as well as wildcat well 25/10-16 B drilled in production licence 915 just southeast of the Hanz field.

Petrofac has strengthened its global well engineering contracts portfolio following a series of award wins worth a combined value of around US$20 million.

Independent Oil and Gas plc (IOG) has confirmed that the funding of its 100% owned and operated Harvey appraisal well has now closed, with terms as announced on 17 August 2018.