North Sea
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The company announced it would “initiate the process” of marketing its UK Central North Sea fields as part of a portfolio review. -
A recent spike in production has engendered a cautiously optimistic outlook for the UKCS, but will it do anything to stave off the overall decline of the mature basin?
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Acquiring data from an abandoned subsea well has been done before, but never quite like this.
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UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea.
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Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.
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The potential sale could net as much as $2 billion, depending on which assets were made available. The company has not launched a formal process but is said to be testing the waters, according to a new report by Reuters.
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The Health and Safety Executive (HSE) has warned the UK’s offshore oil and gas operators that they must do more to tackle hydrocarbon releases in the North Sea after coming “perilously close to disaster” in recent years.
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Scheduled for 2020 startups, the Alligin and Vorlich Fields are expected to produce 30,000 gross BOE/D.
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An agreement with DF Barnes is expected to provide financial security for the Scottish fabrication company, which had been on the verge of closure.
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An early commitment to integrate MPD into an HP/HT drilling operation can make MPD more than just an enabling tool and turn it into a performance tool that offers significant operational benefits.
