Oil & gas news

Preliminary estimates by Vår Energi place the size of the discovery between 9 and 12 million boe recoverable (gross).

The Carra prospect lies to the East of the Crinan and Dandy discoveries and to the South of Fyne in the North Sea.

The companies will collaborate to drive industry standardisation and sustainable development, as Russia’s energy sector seeks to encourage industry participation by international companies in its drive to expand at home and abroad.

The well was drilled about 1 km west of the Solveig field in the North Sea.

Following completion of the sale, Lukoil's interest in the project will increase from 10% to 25.5%.

The iXblue solution offers significant installation vessel time savings compared to conventional subsea positioning methods.

The updated resource estimate of approximately 10 billion boe includes another significant discovery on the Stabroek block at the Cataback well.

The properties being sold include non-operated interests in over 400 producing wells (65.9 net) with recent production of greater than 4500 net boe/d (approximately 65% oil).

Over 200 000 MT of oil production equipment was carried through the Russian Inland Water System to the Tengiz field in Kazakhstan.

Four wells on Statfjord Øst will be drilled with the COSLPromoter rig from the spring of 2023.