Tuesday, January 15, 2019

Barents Sea News

Norway Awards Record Number of Exploration Blocks

© h368k742 / Adobe Stock

Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday.A lack of large discoveries on the shelf has prompted concerns that Norway's top industry, which employs about 170…

Norway Cuts 2019 Oil Output Forecast

Image: Ministry of Petroleum and Energy

The Norwegian Petroleum Directorate (NPD)’s forecasts show that Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although it should rebound in the following years."After a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004…

Norway Ready to Claim Share of Russia's Arctic Finds

© Ivan Kurmyshov / Adobe Stock

Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head of Norwegian Petroleum Directorate (NPD) said on Thursday.Norway and Russia in 2010 agreed a maritime border in the Barents Sea, ending a 40-year long dispute, and also agreed to share oil and…

Caspian is Key for Lukoil

(Photo: Lukoil)

Alexander Oboronkov leapt at the chance to work on the Filanovsky platform after it was launched in 2016, keen to see Russia's largest Caspian Sea oilfield in action.The Filanovsky oilfield, along with the nearby Korchagin and Rakushechnoye fields, are key to the growth plans at Lukoil, Russia's second biggest oil producer, where Oboronkov works as deputy head of the Filanovsky platform.The company…

Norwegian Sea Well Comes up Dry for Lundin Petroleum

Image: Lundin Petroleum

Europe's oil and gas exploration and production company with operations focused on Norway Lundin Petroleum AB  said that its wholly owned subsidiary Lundin Norway AS  has completed the drilling of the Silfari exploration well 6307/1-1S located in PL830 in the Norwegian Sea."The well was dry," said Lundin Petroleum.The main objective of the well was…

Ocean Installer Clinches Johan Castberg Deal

Image: Equinor

Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage and offloading unit (FPSO) mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf.

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew…

Lundin to Drill Barents Sea Well

Image: Falkland Islands Government

Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA)."Lundin is the operator for production licence 767. We have now given the company consent for exploration drilling and testing of well 7121/1-2 S…

Eni Norge Granted Drilling Permit

Image: Eni Norge

The Norwegian Petroleum Directorate (NPD) has granted Eni Norge AS a drilling permit for well 7122/7-7 S, cf. Section 15 of the Resource Management Regulations.The well  will be drilled from the West Hercules drilling facility after concluding the drilling of wildcat well for Equinor Energy AS.The drilling programme for well  relates to the drilling of an appraisal well in production licence 229.

Equinor Energy Strikes Gas in Barents Sea

Image: Equinor Energy

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion.The discovery’s profitability is currently unclear, said a statement from…

Johan Castberg Topside Construction Begins

(Image: Equinor)

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale  project triggering ripple effects throughout Norway.The topside will be installed on the 200-meter long FPSO…

Petoro Flags Rising Costs for Oil Industry

Photo courtesy of Equinor

Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil companies including Norway's Equinor have pledged to keep costs in check despite oil prices rising since the downturn of 2014-2016.Ahead of that downturn…

Equinor Finds More Oil in Arctic Field

file Image: a typical Equinor offshore installation (CREDIT: Equinor)

Norwegian oil and gas firm Equinor has found more oil near its Johan Castberg field in the Arctic Barents Sea, the company said on Monday.The Skruis exploration well, drilled about 8 kilometers north of the original discovery, indicated a volume of 12-25 million recoverable barrels of oil."The Skruis discovery confirms the potential in this part of the Barents Sea ...

Russia, Norway Ink Seismic Pact for Barents Sea

Map: Norwegian Petroleum Directorate

The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea.“This agreement is extremely important, it allows us to achieve a better understanding of the regional geological conditions on both sides of the demarcation line and…

Russia's Novak: Not Aware of any Eni Withdrawal from Rosneft Projects

Russian Energy Minister Alexander Novak said on Wednesday he was not aware of any decision by Italy's ENI to suspend its involvement in any Rosneft projects.Earlier on Wednesday, Interfax news agency reported that the two oil majors were discussing the terms of a suspension of their joint hydrocarbon projects in the Barents Sea, citing an unnamed Russian government official.Reporting by Olesya Astakhova; Writing by Polina Ivanova

Norway to Spend More Looking for O&G Near Russian Border

Norway plans to step up spending on looking for oil and gas in the northern Barents Sea close to its border with Russia, the country's 2019 budget showed on Monday.The government has proposed to allocate an extra 50 million Norwegian crowns ($6.04 million) to conduct a so-called 3D survey over a large geographical structure that straddles the border…

Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir

(Photo: Lundin Petroleum)

Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms, but Alta is among the exceptions along with ENI's Goliat field and Equinor's Johan…

West Hercules to Drill More Exploration Wells

The West Hercules drilling rig in the Barents Sea. (Photo: Ole Jørgen Bratland)

Seadrill Norway Operations Limited has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019.The contract includes options for drilling nine additional wells. The rig is primarily assigned for exploration drilling. The contract…

Digitization of the Norwegian Continental Shelf

The Goliat  Field (Photo: © Eni Norge)

A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea.The system, developed by Eni Norge in cooperation with Safetec and SINTEF, measures and monitors more than 10,600 technical components in real time.The solution reflects several…

Norway Gets Bids from 38 Oil Firms in Licensing Round

© chromoprisme / Adobe Stock

A total of 38 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round, the country's energy ministry said on Friday.Bidders include oil majors Shell, ConocoPhillips and Total, as well as Norway's Equinor and Aker BP, Sweden's Lundin and Italy's Eni.The total number of bidders was almost as high as the record 39 in the previous APA round last year.When announcin