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Sigrun East oil discovery : Equinor, Neptune find more oil in PL 025

Sigrun East oil discovery : Equinor, Neptune find more oil in PL 025

Sigrun East oil discovery : Equinor and its partner Neptune Energy have pulled off an oil discovery in the Sigrun East prospect in the Norwegian North Sea, believed to have estimated recoverable resources of 7-17 million barrels of oil equivalent. The oil discovery on the Norwegian Continental Shelf was made in production licence PL 025 […]

Lundin Norway gets NPD permit for drilling wildcat well 7221/4-1 in PL 609

Lundin Norway gets NPD permit for drilling wildcat well 7221/4-1 in PL 609

Lundin Norway has been granted a permit from the Norwegian Petroleum Directorate (NPD) for drilling the wildcat well 7221/4-1 in production licence 609 (PL 609) in the Barents Sea. The company, which is the operator of production licence 609 with 40% stake, will drill well 7221/4-1 using the West Bollsta drilling facility. The other partners […]

PGNiG increases stake in Duva oil and gas field, offshore Norway

PGNiG increases stake in Duva oil and gas field, offshore Norway

PGNiG Upstream Norway has secured a final administrative consent to increase its presence in the Duva oil and gas field in the North Sea by acquiring an additional 10% interests in the PL636 and PL636B licences. With the closing of the deal, PGNiG Upstream Norway’s interests in both the licences have gone up to 30%. The […]

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

Ærfugl project : Aker BP and partners to proceed with phase 2 development

Ærfugl project : Aker BP and partners to proceed with phase 2 development

Aker BP and its partners will move ahead with the second phase of the NOK 8 billion ($880 million) Ærfugl project (formerly Snadd field development) in the Norwegian Sea, three years ahead of the original start-up plan of 2023. The Ærfugl field is located in the northern part of the Norwegian Sea, just west of […]

Maersk Interceptor to drill exploratory well on PL617, offshore Norway

Maersk Interceptor to drill exploratory well on PL617, offshore Norway

Danish drilling rig operator Maersk Drilling has bagged a drilling contract worth $16.5 million for its Maersk Interceptor jackup drilling rig from MOL Norge for the drilling of an exploration well on PL617 in the Southern North Sea in Norwegian waters. MOL Norge is the operator of PL617 where it is partnered by Wintershall Dea and […]

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Norwegian oil and gas company Vår Energi has signed a $4.5 billion deal to acquire the non-operated upstream assets of ExxonMobil in the North Sea and the Norwegian Sea. The acquisition will give Vår Energi access to 20 plus producing fields offshore Norway, which including Grane, Snorre, Fram, Ormen Lange, and Statfjord among others. Put […]