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

Borr Drilling’s high-spec jack-up Prospector 1 has returned to work after a brief stay in Den Helder while in between contracts. The jack-up is on contract with Total in the Dutch sector and is reported to be on location in block K/4. The firm period for the fixture is expected to last up to four months, although the operator has an option to extend the contract if required. Meanwhile, the Valaris JU-100 has finished a P&A programme in the Fulmar field for Repsol which signalled the end of a five-month commitment with the operator. It is now with DNO and is on location in the Ketch gasfield, in southern UK block 44/28b, for another abandonment programme covering nine wells. It is expected the JU-100 will be on contract until June 2020, but currently has no forward work in place after the commitment with DNO.  

Business report 

The North Sea has the potential to become a global showcase for the energy transition as a number of low carbon solutions grow in prominence, with partnership models becoming critical for the future of the basin, according to Turning the Tide – the Transformation of the North Sea, a new report from PwC and Oil & Gas UK. The report shows the North Sea can become a global leader for the energy transition through the likes of carbon capture, utilisation and storage technology, aided by the alternative use of infrastructure and the production of hydrogen. The industry can expect to see an increased focus on innovation to drive the next wave of competitiveness, given that operators and service companies have cut costs as far as is sustainably possible. There is now a need for new solutions for driving performance. 

Seismic

CGG plans to undertake the biggest multi-client ocean bottom node survey to date in the UK Central North Sea. In the first phase of the multi-year programme, CGG aims to acquire over 2,000 sq km of data using long-offset, full-azimuth coverage and good low-frequency signal in shallow water aimed at improving imaging deeper reservoir targets in the CNS, where complex salt diapirism presents significant challenges. The survey, scheduled to start in early-2020, has already received significant industry interest and is being prefunded in part by BP. First results are targeted for first-quarter 2021. CGG CEO Sophie Zurquiyah says: “The new data set will complement CGG’s extensive high-quality Cornerstone towed-streamer data library in the area and support the OGA's strategy for maximising economic recovery.”

 

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