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

Several North Sea rigs have been reported to have moved in the past week. Among them is the North Atlantic Drilling-managed semi-submersible West Hercules, which completed a contract with Siccar Point Energy (SPE) on or around 14 September. The rig drilled successful Cambo appraisal well 204/10a-5y, which was tested. The Hercules was also originally hired by SPE to drill the Lyon exploration well in west of Shetland block 208/2 in a back-to-back programme, but the drilling of Lyon has been postponed until 2019. The West Hercules is in Skipavika, Norway, ahead of its next contract with Equinor which may start later this month and comprises a two-well programme.

Drilling

Independent Oil & Gas (IOG) has confirmed it has raised the funds required to drill an appraisal well to examine further the Harvey gas prospect that lies predominantly in UK Southern North Sea block 48/24b, with the planned well scheduled to spud in January. IOG says it has also obtained results from seismic reinterpretation work which has enhanced its understanding of the Harvey prospect and ongoing work is now focussed on the Norada, Redwell and Woodforde prospects which fall within the Harvey area. The operator believes the Harvey well has a 63% chance of geological success and mid-case gas reserves are currently estimated to be 129 Bcf.

Licence activity

Zennor Petroleum is acquiring Mitsui E&P UK’s interests in licences P.213, comprising central block 16/26a Area B and P.345, covering 16/27b Area B, giving it an 8.97% stake in the ConocoPhillips-operated Britannia field. Zennor says the acquisition is strategic, given the company’s wholly-owned nearby Finlaggan field, in 21/5c, which is scheduled to be developed as a subsea tieback to the Britannia platform. The acquisition also fits with the recent 30th licensing round in which Zennor was granted several 100% operated awards in and around Finlaggan and Britannia, including the Leverett discovery, in block 21/03d.

 

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