Serica Energy's UK first-half profits and production fall
Serica Energy, an oil and gas company, reported a lower profit for 2024's first half on Tuesday. A tax charge of $106 million was to blame. A planned shutdown of the Triton Hub, located in UK Central North Sea, also affected production. Serica reported that it produced 43.700 barrels equivalent to oil per day (boepd), down from 49.350 boepd last year. Serica said that due to unplanned downtime, its full-year production average is expected to fall below the previously stated range of 41-46…
Chrysaor to Buy ConocoPhillips’ UK Assets
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72,000 barrels of oil equivalent per day (boepd) and approximately 99 million barrels of oil equivalent (boe), respectively.
Subsea 7 Wins Shearwater Deal from Shell
Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea.The engineering, procurement, construction and installation (EPCI) project workscope incorporates a 37km 24” export line, a 14” rigid riser, control jumper, subsea structures and associated subsea tie-ins…
Chevron Gets Green Light for Captain EOR
Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with its plans for an Enhanced Oil Recovery (EOR) project that aims to unlock millions of extra barrels of oil and extend the life of the long-producing Captain field in the U.K. Central North Sea.Chevron North Sea Limited (CNSL), which operates Captain as 85 percent stakeholder, said its…
Serica Energy Restarts Production at Erskine Field
Serica Energy said that efforts to remove gas hydrates in pipeline between Erskine and the Lomond platform had been successful and it has resumed production for the first time since January." Production from Erskine has restarted and flow rates are being optimised. Further updates will be provided once the re-commissioning process is complete," said a press note from the company.Erskine, in which Serica holds an 18% interest…
Statoil sells non-core asset on UK Continental Shelf
Statoil has agreed to sell its 17 percent non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. Alba is an oil field in the UK Central North Sea that Statoil entered in 1995 and which is operated by Chevron. To date, it has produced around 420 million barrels of oil. Statoil’s equity production in 2017 was around 2,300 barrels per day. “With this transaction we focus on core activities in line with our high value, low carbon strategy.
BP Boosts Culzean field Stake
BP announced today it has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon. The acquisition increases BP’s interest in the development from 16% to 32%. “We are pleased to have deepened our interest in Culzean and we look forward to helping Maersk make this important central North Sea development a success,” said Mark Thomas, BP Regional President North Sea Region.
Claxton Completes North Sea Riser Installation
Claxton, an Acteon company, has successfully installed a high-pressure drilling riser system as part of a multimillion-pound contract for the Catcher area field development in the Central North Sea. The system was installed for Premier Oil’s Catcher area field development, which includes the development of the Catcher, Varadero and Burgman fields in Block 28/09a in the UK’s central North Sea. Claxton’s scope of work includes providing the subsea connector to latch the riser with the subsea wellhead…
Maersk Oil Orders FSO from MODEC
Maersk Oil North Sea UK limited has contracted MODEC, Inc. to supply a floating storage and offloading (FSO) vessel for the Culzean development project in the U.K. Central North Sea. The contract awards MODEC responsibility for the engineering, procurement and construction (EPC) of the FSO, while the internal turret mooring system will be designed and supplied by MODEC subsidiary SOFEC, Inc. The FSO will feature receiving capacity of 25…
Play Fairway Mapping is Key in the North Sea
Regional play fairway mapping is the key to locating remaining prospectivity in the prolific North Sea hydrocarbon province, according to the new Ternan play evaluation report released by global energy services company LR Senergy. The Ternan 2015 Integrated North Sea Report is the latest in a series of regional play fairway evaluations that analyze petroleum systems and provide exploration specialists with a unique insight into the regional risk factors that impact subsurface studies.
DNV GL Approves Pipeline Isolation Tools
Pipeline engineering specialist STATS Group has received the DNV GL seal of approval for its Tecno Plug and BISEP range of pipeline isolation tools. DNV GL has issued certificate P-15082 for the 3-48” range for both Tecno Plugs and BISEPs. Obtaining type approval from DNV GL ensures clients that STATS Group products are fully compliant to the highest standards and are ‘ready to go’ without the need for further work or adaptation by the end-user.
New Oil Field Found in British North Sea
GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. The discovery, referred to as ‘Marconi’ by GDF SUEZ and ‘Vorlich’ by BP, is located in the Central North Sea. Ruud Zoon…
Oyster Petroleum Farms in to UK Central North Sea Licence
Oyster Petroleum Limited recently entered into a farm-in agreement whereby, in exchange for covering certain well costs on drilling, Oyster Petroleum will acquire a 25% interest in licence P.1948, covering blocks 29/7c, 12, 13 and 14 in the UK Central North Sea. The P.1948 licence is operated by Endeavour Energy UK Limited, with further Joint Venture partners Faroe Petroleum (U.K.) Limited and First Oil and Gas Limited, and includes the Shipley and Forwood prospects.
AziPac, Mitra Energy, Invest in Bone PSC, Offshore Indonesia
AziPac Limited says it has signed a Farm-in Agreement with Mitra Energy Limited for a 40% interest in the Bone PSC, Offshore Indonesia. The Bone PSC is situated in Bone Bay, offshore South Sulawesi, and lies in water depths extending from the coast to over 2,000m. The block covers an area of 7,516 km², which is equivalent to approximately 327 Gulf of Mexico blocks or 31 UK Central North Sea blocks. Under the terms of the agreement…
