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INPEX wins PL 1130 and PL 1129 licenses in Norway’s APA 2020 round

INPEX wins PL 1130 and PL 1129 licenses in Norway’s APA 2020 round

Japanese oil company INPEX, through its subsidiary INPEX Norge, has won two Norwegian offshore licenses – PL 1130 and PL 1129 as part of Norway’s Awards in Pre-defined Areas 2020 licensing round (APA 2020 licensing round). PL 1130 is contained in the Nyk High region of the northern Norwegian Sea. On the other hand, the […]

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Aker BP and its partners in the Skarv Ara in the Norwegian Sea have decided to develop the Gråsel oil field next year having approved a final investment decision. The development of the Gråsel discovery is expected to involve an investment of around NOK 1.2 billion ($140.4 million). Gråsel was discovered in 1998. Aker BP’s […]

Norway offers 136 blocks in 25th licensing round on NCS

Norway offers 136 blocks in 25th licensing round on NCS

The Norwegian government is offering 136 blocks in the 25th licensing round on the Norwegian continental shelf (NCS), all of them located in the Norwegian Sea and the Barents Sea. While 11 blocks are being offered in the Norwegian Sea in one region, the remaining 136 blocks are in the Barents Sea, across eight areas. […]

PGNiG reports Warka gas discovery in PL1009 license in Norwegian Sea

PGNiG reports Warka gas discovery in PL1009 license in Norwegian Sea

Warka gas discovery : PGNiG Upstream Norway has claimed to have made a large gas discovery in the Norwegian Sea through the drilling of a wildcat well 6507/4-1 on the Warka prospect in license PL1009. According to the company, the exploration well is located in an area where it has been carrying out hydrocarbon exploration […]

Ærfugl phase 1 project brought into production by Aker BP and partners

Ærfugl phase 1 project brought into production by Aker BP and partners

Ærfugl phase 1 project : Operator Aker BP and its partners Equinor, Wintershall Dea, and PGNiG have begun production from the phase 1 development of the Ærfugl oil field (formerly Snadd field) in the Norwegian Sea. The partners are developing the offshore Ærfugl field in two phases with a total investment of NOK8 billion ($873.12 […]

Neptune Energy gets NPD nod for drilling 6406/12-G-1 H well in PL 586

Neptune Energy gets NPD nod for drilling 6406/12-G-1 H well in PL 586

Neptune Energy has been granted a drilling permit from the Norwegian Petroleum Directorate (NPD) for drilling well 6406/12-G-1 H in production licence 586 (PL 586) in the Norwegian Sea. The wildcat well will be drilled by using the West Phoenix drilling facility once it wraps up the drilling of observation well 6406/12-H-4 for Neptune Energy […]

Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions has been awarded a contract extension from Aker BP for two years worth NOK1.7 billion ($175.65 million) to provide maintenance and modifications for the latter’s Ula, Skarv, Valhall, and Tambar fields offshore Norway. The Norwegian engineering company said that the work under the contract will begin from December 2020 and follows the existing […]

PGNiG completes Gina Krog and Alve Nord deal with Aker BP

PGNiG completes Gina Krog and Alve Nord deal with Aker BP

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) said that its subsidiary PGNiG Upstream Norway has wrapped up a previously announced transaction to acquire stakes in the producing Gina Krog field and the undeveloped Alve Nord field, both located offshore Norway, from Aker BP. For the Polish state-controlled oil and gas company, the closing of the deal […]

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions has bagged a contract worth around NOK 700 million ($76.95 million) from Aker BP for the supply of the subsea production system for the Ærfugl project (formerly Snadd field development) in the Norwegian Sea. The subsea delivery for the Norwegian oil project includes wellheads, vertical subsea trees, control […]

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 […]

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