North Sea Reporter

Published by KL ENERGY PUBLISHING LTD.

North Sea Reporter is an established and respected weekly publication which provides in-depth news and analysis of the NW European offshore oil and gas industry. 

Rig Market

Noble has confirmed current client Spirit Energy has extended its contract with the high-spec jack-up Noble Hans Deul until at least late-July 2019, with another two well options still available. The additional rig time means Noble’s North Sea jack-up utilisation figure for next year has risen to 80%. The contract extension pushes overall North Sea jack-up utilisation for 2019 to a current 54% level. This compares with a final figure of 67% 2018. It seems highly likely jack-up utilisation in 2019 will eventually exceed the figure achieved this year as more new contracts are awarded in the coming months.

Decommissioning

Faroe Petroleum is seeking approval from the Department for Business, Energy and Industrial Strategy to decommission the Ketch and Schooner fields, in UK southern basin blocks 44/28b and 44/26a, respectively. The fields are 26.6 km and 26.9 km from the Murdoch platform, which acts as the installation control centre for both. The Ketch platform was installed in 1998 and exports gas through an 18-inch line to Murdoch. The Schooner facility was installed in 1996 and exports gas via a 16-inch line to Murdoch. The fields came on stream in 1999 and 1996, respectively.

Companies

Azinor Catalyst earlier this month received a letter of intent (LOI) from an unnamed company for the acquisition of non-operated interests in exploration wells planned next year in the Boaz, Goose and Hinson prospects, which have gross estimated reserves of 495 million barrels of oil equivalent. The prospects range across different play types and are in close proximity to existing infrastructure and export routes. Boaz is in South Viking Graben block 16/8c, Goose in Outer Moray Firth blocks 14/14b and 14/15b and Hinson in West Central Graben block 21/25c.

 

Weekly coverage includes:

  • Rig Market - contracts, dayrates and utilisation
  • Drilling – a round-up of North Sea activity  
  • Construction and engineering
  • Field development and production
  • Contract awards
  • Company news
  • Data tables of industry activity
  • Mediterranean & W. Africa briefing
  • News briefs