Norway: The Norwegian Petroleum Directorate releases more well data
14 Jun 2021
The
Norwegian Petroleum Directorate is releasing prognosis and result data from wildcat wells from the period between 1990 and 2000. Moving forward, such data will be regularly made available via the FactPages on npd.no. Successful wildcat wells, as well as dry ones, provide geologists with valuable information in the quest for new discoveries. This is why the companies must report a significant amount of data following wildcat drilling. This data is analysed to learn more.
The data is now available via the FactPages. This is in keeping with the Norwegian Petroleum Directorate s (NPD s) philosophy that as much data as possible should be available to everyone, and that competition between the companies is a matter of who makes best use of the data.
Norway to open new areas for offshore wind
14 Jun 2021
Norway s
Ministry of Petroleum and Energy has put out several proposals for public consultation regarding development of offshore wind in Norway. The consultation is being held in conjunction with the Report to the Storting (White Paper)
‘Putting Energy to Work’, which explores long term value creation from Norway’s energy resources.
The government will start a process for awarding interested operators allocated areas as soon as possible, thus allowing them to apply for concessions for
offshore wind projects within the opened areas Utsira Nord and Sørlige Nordsjø II. Before allocating areas and process applications, further details regarding the regulations must be clarified.
Georgia: Block Energy and Baker Hughes announce agreement to support drilling operations in Georgia
14 Jun 2021
Highlights
Block Energy has signed a Memorandum of Understanding ( MoU ) with Baker Hughes to support drilling operations in Georgia.
The MoU with Baker Hughes provides a broader partnership on developing significant oil and gas opportunities throughout Block s entire portfolio.
Baker Hughes has allocated additional engineers to assess and potentially develop geothermal, carbon capture, and hydrogen applications across the Samgori, Patardzeuli and West Rustavi fields.
Block Energy, a development and production company focused on the country of Georgia, has signed an MoU with
Baker Hughes, a global energy technology company. The MoU envisages multiple service awards for advanced oil and gas technology across a production-led, multi-well drilling programme. The initial project will drill a horizontal well targeting a recoverable volume estimated to be 2.1 MMboe at the
Norway: Equinor announces oil discovery near Visund in the northern North Sea
14 Jun 2021
Aker BP have struck oil in production licence
PL 554. Recoverable resources are estimated at between 1.3 and 3.6 million standard cubic metres of oil equivalent, corresponding to 8-23 million barrels of oil equivalent. This is the first Equinor-operated well in the production licence, and the fifth discovery on the Norwegian continental shelf this year. The discovery is in line with our roadmap of exploring near existing infrastructure in order to increase the commerciality, says Rune Nedregaard, senior vice president, Exploration and Production South.
Exploration wells 34/6-5 ST2 on the
Morocco: Sound Energy acquires additional interest in Eastern Morocco
14 Jun 2021
Sound Energy, the Moroccan focused upstream gas company, has entered into a sale and purchase agreement with
Schlumberger Holdings II Limited to acquire the entire issued share capital of
Schlumberger Silk Route Services Limited ( SSRS ).
Acquisition Highlights:
The Group will have increased participating interests in the Anoual and Greater Tendrara exploration permits in Eastern Morocco (the Exploration Permits ) by 27.5% to 75%, together with full control over its 75% participating interest in the Tendrara Concession
Accretive acquisition on highly attractive terms
Positions Sound Energy to generate enhanced returns, cashflow and value as it moves forward the phased development of the TE-5 Horst