Offshore news

Providence Resources has provided an update on Licencing Option 16/27 in the Porcupine Basin, offshore Ireland.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations.

Waitsia-4 was spudded on 10 July 2017 and is forecast to take approximately five weeks in total to complete.

The discovery was made in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2 - 3 billion standard m3, approximately 10 - 20 million boe.

Westwood Global Energy Group, the energy market research consultancy, has released new statistics for exploration in the Asia-Pacific region which show that green shoots of recovery are starting to appear.

Exxon Mobil Corporation has signed a production-sharing contract for Block 59 in Suriname with Staatsolie Maatschappij Suriname N.V.

Aker BP has received consent to drill two exploration wells in the North Sea.

Statoil has signed agreements to enter two additional offshore exploration licenses in Suriname. The agreements cover two blocks in the Guyana basin

The company has completed six wells and is drilling the seventh one. The average daily production exceeded 14 thousand tonnes of oil last June.

The Barryroe Partners have been granted a two year extension to the term of the first phase of SEL 1/11 to July 2019 and overall term to July 2021.