GEG Wraps Up Subsea7 Fabrication Scope for Aker BP’s Valhall PWP - Fenris Field
PWP-Fenris ProjectLocated in the Southern North Sea, the Valhall PWP-Fenris project is one of the largest development projects on the Norwegian shelf. It includes a new centrally located PWP and an unmanned installation.The total new reserves developed by the project are estimated to 230 million barrels oil equivalent, with the production scheduled to start in 2027.Pandion Energy is the partner in Valhall, and PGNiG Upstream Norway is the partner in Fenris, which is situated 50 kilometers away
Aker BP Adds More Acreage off Norway
Norway's independent oil firm Aker BP has agreed to buy stakes in 11 production licenses off Norway from French Total for a cash consideration of $205 million, the company said on Tuesday.The portfolio includes four discoveries with net recoverable resources of 83 million barrels oil equivalents based on estimates from the Norwegian Petroleum Directorate (NPD), it added."With this transaction, we get access to new tie-back opportunities in the Alvheim and Skarv areas, we strengthen our resource base in the NOAKA area, and we increase our interest in exploration acreage near the Ula field
Statoil: Sizeable Oil Finds in North Sea Still Possible
for decades, a senior company executive said on Tuesday. The search for oil and gas has been hit by energy firms' reduced spending, triggered by a slump in crude prices since mid-2014, yet the oil major still sees a large potential. "We believe there is at least another 500 million barrels oil discovery to be made in the North Sea, definitely," Statoil's exploration chief for Norway and Britain, Jez Averty, told an oil industry conference. He later told Reuters that such a discovery was more likely in the Norwegian part of the North Sea, rather than the British one, as the Norwegian
Shell to Shut in Auger Platform
Nearly two decades after setting a world water-depth record for drilling and production, Shell’s Auger tension-leg platform is still playing a central and innovative role in the company’s deep water Gulf of Mexico portfolio – currently producing some 55,000 barrels oil equivalent (boe) per day (Shell share ~30,000 boe per day), and acting in the future as the host platform for the Cardamom subsea development. The Cardamom discovery well also set records three years ago, for subsurface length and depth. With the latest seismic and drilling technologies, the Cardamom development is
February 2024
