Repsol Buys Stake in Norway’s Mikkel Field
Repsol has reached an agreement with Total to acquire its 7.65% stake in the producing Mikkel field, in the eastern part of the Norwegian Sea.The Mikkel field is a gas and condensate reservoir located 35 kilometers south of the Midgard deposit on Equinor’s Åsgard field in the Norwegian Sea. In 2017, it achieved an average production of 47,075 barrels of oil equivalent a day.Following the acquisition…
Cairn Success in offshore Senegal continues
Cairn announced the results of the SNE-4 appraisal well offshore Senegal where operations have been safely and successfully completed following drilling, coring and logging. The well is now being plugged and abandoned. The SNE-4 well was appraising the eastern extent of the SNE field discovered in 2014 and aiming to confirm the nature of the upper reservoirs in the oil zone.
Cairn Gears up For Fourth Well Offshore Senegal
Cairn has given an update on further exploration and appraisal success in its latest well in the ongoing evaluation programme offshore Senegal. The BEL-1 well was targeting the Bellatrix exploration prospect and appraising the northern extent of the SNE field discovered in 2014. Based on the positive campaign results to date, the Joint Venture (JV) has agreed a fourth well location, SNE-4, which will commence operations shortly.
Statoil Ends COSL Innovator Rig Contract
Norway’s Statoil ASA has decided to end its contract with a drilling rig operated by China Oilfield Services Limited, or COSL, three months after a worker died when the rig was hit by a wave during a storm in the North Sea. “The conditions for terminating the contract signed with COSL Offshore Management AS have in our opinion been met, and we therefore choose to use our contractual right to terminate the contract…
Troll Oil Celebrates 20 Years
This week it is 20 years since the start of oil production from the Troll field. 1.56 billion barrels have been produced so far and NOK 460 billion ($53.7 billion) in income realized. “Troll oil is the impossible made possible. Only a few believed in extracting the thin oil zone at Troll, and through a burning desire to make it happen, determination and innovation, Troll oil became reality,” says Øivind Dahl-Stamnes, head of Troll production.
US Gives Shell Final Nod to Drill for Oil in Arctic
The Obama administration on Monday granted Royal Dutch Shell the final permit to drill for oil and gas in the Arctic for the first time since 2012, a move environmentalists vowed to fight. The Interior Department gave Shell the final permit to drill into the oil zone in the Chukchi Sea off northern Alaska after the Fennica, an icebreaker the company leases that carries emergency well-plugging equipment, was repaired after suffering a gash in its hull.
Activists Block Shell's Arctic Drilling Quest
Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can start drilling into the region's oil zone. The 13 Greenpeace protestors, who rappelled down from the bridge over the Willamette River early on Wednesday, are hoping to shorten Shell's Arctic drilling season by stopping the Fennica icebreaker…
US: Shell is Not Yet Allowed to Drill in Arctic Oil Zone
The U.S. Interior Department on Wednesday granted Royal Dutch Shell two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into the oil zone until required emergency equipment arrives in the region. The department's Bureau of Safety and Environmental Enforcement (BSEE) conditionally granted Shell permits for exploration in the Chukchi Sea off Alaska, in a season which sea ice limits from July until October.
