Norway: Harbour Energy s exploration well on the Ilder prospect (PL973) disappoints
10 May 2021
Ilder exploration well 15/12-26, operated by
Harbour Energy (formerly
The well is characterised as a dry well and will now be plugged and abandoned.
More information on the final well result will be published by the Norwegian Petroleum Directorate in due course.
Chrysaor Norge (Harbour Energy) (operator) holds 50% WI, OKEA 30% and Petoro 20% in the PL973 licence.
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The Norwegian Petroleum Directorate (NPD) has granted MOL Norge AS a drilling permit for well 25/8-21 S.
Well 25/8-21 S will be drilled from the Transocean Barents drilling facility in position 59°19 44.736 N and 2°20 25.103 E.
The drilling programme for well 25/8-21 S relates to the drilling of an appraisal well in production licence 820 S. MOL Norge AS is the operator with an ownership interest of 40%.
The other licensees are Lundin Energy Norway AS (41%), Pandion Energy AS (12.5%) and Wintershall Dea Norge AS (6.5%).
The area in this licence consists of parts of blocks 25/7 and 25/8. The well will be drilled about 11 km north of the Balder field.
Norway: MOL Norge granted drilling permit for well 25/8-21 S
06 May 2021
25/8-21 S in production licence
PL 820 S.
Well 25/8-21 S will be drilled from the Transocean Barents drilling facility in position 59°19 44.736 N and 2°20 25.103 E.
MOL Norge is the operator with an ownership interest of 40 per cent. The other licensees are
Lundin Energy Norway (41 per cent),
Pandion Energy (12.5 per cent) and
Wintershall Dea Norge (6.5 per cent).
The area in this licence consists of
parts of blocks 25/7 and 25/8. The well will be drilled about 11 kms north of the Balder field.
Production licence 820 S was awarded on 5 February 2016 (APA2015). This is the third exploration well to be drilled in the licence.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Norway Oil and Gas Upstream Market Growth, Trends, COVID-19 Impact, and Forecasts Report 2021-2026 - ResearchAndMarkets.com
April 27, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 27, 2021
The Norway oil and gas upstream market is expected to register a CAGR of more than 1% during the forecast period.
The strain on oil demand and prices from the impact of the COVID-19 pandemic has led oil companies to lower exploration budgets and delay a number of exploration wells in 2020. The major factor driving the market is the increasing development of new oilfields in the country over the forecast period. However, the divestment of government funds from the upstream oil and gas sector can act as a restraining factor for the market growth.
Development of New Oilfields to Drive the Market
Norway is one of the largest oil producers and exporters in the European region. In 2019, the country s crude oil production was 1437 thousand barrels per day, which accounted for about 47.9% of Europe s total crude oil production. The average offshore rig count was 16 in 2020.
The major oilfields in the country are reaching their maturity, and, as a result, since 2016, the oil production of Norway has declined significantly. However, in January 2021, about 30 companies have received offers of ownership interests in a total of 61 production licenses (34 are in the North Sea, 24 are in the Norwegian Sea and 3 are in the Barents Sea) on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020. Hence, with the award of 61 new production licenses, the upstream segment is likely to make more profitable discoveries on the Norwegian shelf during the forecast period.