North Sea
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Well is estimated to have encountered as much as 35 million BOE.
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Project consists of two production wells and a subsea tieback to ETAP.
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Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027.
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Fourteen companies scooped up the licenses to sequester carbon in depleted oil and gas reservoirs and saline aquifers offshore UK.
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Wind power keeps rising across the globe, while new solar plant developments light up Louisiana and Texas.
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Government and industry leaders support the oil and gas industry's role in the energy transition.
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Wellesley estimates that the drilling campaign has proved a developable gas-condensate accumulation of 60 to 100 million BOE.
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Over a 10-year period, sensors monitoring the motion and loads near subsea wellheads have been mounted on more than 300 drilling campaigns. Integrity parameters were calculated to assess whether subsea conductors provided the intended amount of support during drilling operations. In several of these campaigns, loss of conductor support due to integrity issues was obse…
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The Norwegian Ministry of Petroleum and Energy OK’d plans to develop the Dvalin North field and the second phase of the Maria field in the Norwegian Sea.
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Preliminary evaluation indicates gross recoverable resources of 120 million–230 million BOE.