North Sea

The deferments are the latest actions Shell has taken in response to record low crude prices.

Ardyne’s North Sea long-term contracts were for 175 wells with possibly more to follow, while Allseas contract is for removal and disposal for the Valhall complex.

North Sea operators BP, Shell, and Total have begun an effort to fuel their platforms using sustainable power sources through a connection with Norway’s onshore power grid, which is driven almost wholly by renewable energy.

This paper describes how new technology was implemented and deployed through a downhole acoustic network through a sequence of runs in complex North Sea wells under managed-pressure conditions.

For the development of the Dvalin high-pressure/high-temperature (HP/HT) gas field in the Norwegian Sea, a completion scheme using standalone screens is planned.

Sharp reductions in operating expenses has rekindled growth and exploration in the UK North Sea, but this fragile recovery will require a continued luck in exploration drilling and a focus on holding the line on costs, which are still high.

The plan will extend production of the largest field on the Norwegian Continental Shelf to 2040, while also deferring plans to decommission the Statfjord A platform. Statfjord A was originally scheduled to be decommissioned in 2022.

The deal comes months after the jointly owned Petrogas NEO UK acquired several UK North Sea assets, including a $635-million purchase of Total's stakes in various fields last July. The 2-year deal with Petrofac is valued around $50 million.

The deal is part of BP’s plan to divest $10 billion in the North Sea so that it can focus on developing core growth areas and construct more cost-effective subsea tiebacks in the region.

The company will shell out more than $800 million to acquire interests in the Andrew and Shearwater areas, as well as the Tolmount field, offshore Scotland.