North Sea oil news

BP has committed to two new North Sea developments which are expected to produce 30 000 boepd at peak production.

Rowan Companies plc has announced that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a five well programme by Shell UK Limited for plugging and abandonment work on the Goldeneye platform in the Central North Sea. 

The contract follows a successful 2017 for Bureau Veritas’s North Sea Offshore Operations, after it secured contracts worth more than £10 million.

Minor oil discovery north-west of the Gjøa Field in the North Sea – 35/9-13, 35/9-14 and 35/9-14 A

A leading energy economist has predicted that total field expenditures in the North Sea could amount to £268 billion over the next three decades.

OKEA has announced that Chrysaor, the leading oil & gas independent, has through its Norwegian subsidiary Chrysaor Norge A.S. entered into an agreement with OKEA to acquire a 15% interest in the PL038D license, covering the Grevling oil discovery in the Norwegian North Sea.

Collaboration is key to unlocking stranded five million bbl North Sea oilfield.

Archer and IKM joint venture opens up cost-effective pathway for world’s longest horizontal wells.

Between 12 and 16 oil and gas developments could get the go-ahead this year – unlocking investment of around £5 billion, reveals a key Oil & Gas UK report.

Leading international engineering company, PD&MS Group, has secured a trio of contracts worth more than £10 million across three major North Sea late-life projects in the last six months, making the firm the UKCS market leader in the area of engineering and construction of topside modifications for the decommissioning sector.