Author: Rigs & Barge World
Hanz will be tied into the Ivar Aasen platform. (Photo: Aker BP) 27/02/2024 The authorities have consented to start-up of production on the Hanz field in the North Sea. The development solution involves reusing the subsea installations on the Jette field, which was shut down in 2016. Hanz was proven in 1997, and is included in the 2013 plan for development and operation (PDO) for the Ivar Aasen field, which is located about 200 kilometres from Stavanger. Aker BP is the operator of production licence 028 B with a 35-per cent ownership interest, while…
US major Chevron has followed Shell in exiting its solitary block in Egypt’s Red Sea leaving the non-producing region with no active upstream assets. “Chevron can confirm it has relinquished its operated (45%) stake in Red Sea Block 1, located in the northern Red Sea, offshore Egypt,” the firm said on 18 April. Australia’s Woodside (45%) confirmed the acreage had expired “subsequent to the [reporting] period” in its Q1 results on 23 April. Woodside was also partnered at the two blocks recently relinquished by Shell (MEES, 7 March). (CONTINUED – 141 WORDS) Read this article for free Gain access to…
Eldfisk Complex. (Photo: ConocoPhillips) 28/02/2024 The authorities have given ConocoPhillips consent to start up Eldfisk nord in the North Sea. This is an installation consisting of two seabed templates for production and one for water injection – a total of nine production wells and five injection wells. Start-up is expected during the first quarter. According to the operator, the resource potential is projected to be 50-90 million barrels of oil. The investment amounts to nearly NOK 13 billion (USD 1.24 billion). The Eldfisk field is located in block 2/7 and is part of the…
QatarEnergy is set to inaugurate its 458MW Ras Laffan and 417MW Mesaieed solar PV plants on 28 April, officially bringing capacity up to 1.675GW (MEES, 19 July 2024). Further gains are planned with QatarEnergy planning 2GW of solar PV capacity near the western city of Dukhan (MEES, 6 September 2024). This is part of the country’s plans to reach 4GW renewable capacity and 18% of power generation by 2030. Qatar is also expanding its gas-fired capacity with a $440mn, 500MW open cycle gas-fired plant at Ras Abu Fontas slated for January 2027 start-up, though this is envisaged for peaking use only…
06/03/2024 On 6 of March 2024, the Ministry of Energy announced two areas for CO2 storage pursuant to the CO2 Storage Regulations. This area comprises defined blocks in the North Sea. Updated: 06/03/2024 Latest news Production figures March 2025 23/04/2025 Preliminary production figures for March 2025 show an average daily production of 1 972 000 barrels of oil, NGL and condensate. Drilling permit for wellbore 30/11-16 S 15/04/2025 The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for wellbore 30/11-16 S in production licence 873, cf.…
07/03/2024 The Storting (Norwegian parliament) has given the go-ahead for opening parts of the Norwegian shelf for exploration and possible production of minerals. In the years ahead, we need to acquire even more knowledge about these resources – and their surrounding environment. “When the companies gain access, there are plenty of things they’ll have to figure out – but there’s also much that we already know. The Norwegian Offshore Directorate has mapped the areas in question, systematically, since 2017,” says Hilde Braut, who is responsible for seabed minerals in the Technology, analysis and coexistence department. O The…
As Iraq feels the brunt of lower oil prices, PM Mohammed al-Sudani has instructed the oil ministry to assess “operating and capital expenditure budgets” including those allocated this year to IOCs operating the country’s southern oilfields. The PM wants the ministry to “cancel or postpone unnecessary [spending] items without impacting planned production levels.” The directive reported by local media this week comes after “the large fall in oil prices and its impact on the Federal budget” as per a 10 April memo which set an end-April deadline to receive a tally of the cuts. The PM met with IOC executives…
11/03/2024 Stopping exploration activity on the Norwegian shelf will accelerate the scale-down of the oil and gas industry. The Climate Change Committee’s report was broadly covered when it was published last autumn. The deadline for comments regarding the report has now expired, and the Norwegian Offshore Directorate has submitted a comprehensive consultation response in which we point out significant deficiencies in this report. In light of this, Torgeir Stordal, Director General of the Norwegian Offshore Directorate, wrote this article, which was first published on altinget.no on 11 March. This will be very harmful for the Norwegian economy…
The photo shows a section of the last version of the Map of the NCS (2023). 21/03/2024 Are you familiar with the printed version of our Map of the Norwegian Continental Shelf (NCS)? Do you have one yourself – maybe hanging on your wall? Is this something that’s nice to have or a useful tool? We’re conducting a mini-survey to map this specific issue. Updated: 21/03/2024 Latest news Production figures March 2025 23/04/2025 Preliminary production figures for March 2025 show an average daily production of 1 972 000 barrels of oil,…
22/03/2024 The deadline for nominating candidates for the Improved Recovery Award is being extended to 15 April. The prestigious award will be given out during ONS in August. For the 20th time, the companies are invited to nominate candidates for the Norwegian Offshore Directorate’s award for improved recovery, now renamed to the Improved Recovery Award in Norwegian as well. Read more and find the nomination form Updated: 22/03/2024 Latest news Production figures March 2025 23/04/2025 Preliminary production figures for March 2025 show an average daily production of 1 972 000…