North Sea

Follow-up well could help prove up 100-million bbl find.

Decommissioning work to conclude in 2022.

Standalone or subsea development options remain in play.

Subsea production equipment falls to seafloor after winch wire malfunction.

The development scheme may include possible tie-in to the nearby Solveig field.

Independent producer’s 2021 exploration budget will remain flat at around $150 million.

The plan is designed to facilitate progress toward net-zero-emissions targets by focusing on the government’s 10-point plan for a green industrial revolution.

The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.

Flaring in the UK North Sea fell by 22% in 2020 from the previous year as production facilities cut the overall volume to 33 Bcf, a reduction that is roughly equivalent to the gas demand of 200,000 UK homes.

The drilling program is the first exploration well to be drilled in production license 785 S.