North Sea
Field Development
Equinor Says Sverdrup Oil Field Output to Beat Expectations
Western Europe’s biggest producing oil field is now expected to hit a daily output rate of 470,000 barrels in early May, above the 440,000 barrels per day (bbl/d) peak that had initially been penciled in for mid-year, the company said.
Field Development
Analyst: Most North Sea Oil Output ‘in the Money’ But Decom Bill Looms
The North Sea between Britain and Norway, home of the Brent crude stream that underpins global oil prices, is one of the world’s oldest and most expensive oil basins.
Discoveries
MOL Norge, Lundin Petroleum Hit Oil, Gas In Norwegian North Sea
MOL said preliminary evaluation of the main discovery shows recoverable resources between 12 million barrels of oil equivalent (MMboe) and 71 MMboe.
Discoveries
Total Makes Gas Discovery In North Sea
Total, which holds a 30% working interest and is operator of the field, said the well was drilled in water about 80 m deep.
Field Development
Coronavirus Case Forces Equinor To Pause Martin Linge Oil Project
The oil industry’s first coronavirus case on an offshore installation, reported on March 11, highlighted the challenge of preventing contamination for thousands of workers living in close quarters on rigs and platforms.
Investment , Exploration & Production
Premier Oil Sees At Least $100 Million In Capex Cuts
U.K. oil producer Premier Oil on March 13 said it had identified at least $100 million in potential savings on its 2020 capital spending plans as it and other rivals scramble to adjust to the plunge in global crude prices.
Business , Exploration & Production , Health, Safety & Environment
One Person Infected With Coronavirus At Equinor’s Martin Linge Field In North Sea
The first coronavirus case reported on an offshore oil and gas installation highlights a further risk for an industry already hit by a crash in oil prices.
Exploration & Production
Cairn Revises Up Kraken Oil Field Reserves, Reversing Impairment
Cairn, which owns 30% of Kraken, upgraded its reserves estimates at the field by 6.4 million barrels of oil equivalent after it performed better than expected last year.
Exploration & Production
Equinor’s Sverdrup Oil Output Seen Near Full Capacity In April
The first phase of the Sverdrup field development came on stream last October and has an estimated plateau capacity of 440,000 bbl/d, which Equinor has said it will reach “during summer 2020”.
Discoveries
Equinor, Neptune Strike Oil In North Sea
The company said the wells, which followed the Sigrun appraisal well drilled in 2018, aimed to prove extra resources and clarify commerciality.