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In protest against Shell’s plan to abandon parts of the giant structures in place in the British North Sea, Greenpeace activists, yesterday, boarded two Royal Dutch Shell oil platforms in the region. Photographs show two people climbing one of the giant, rusty structures and unfurling a banner which read “Clean up your mess, Shell!”. The British supermajor is currently looking for Governmental approval to abandon the steel legs of the platforms.
British E&P firm, Neptune Energy has inked a conditional SPA with Energean Oil and Gas to acquire the production, development and exploration assets of Edison E&P in UK and Norwegian North Sea. The agreement is conditioned on the proposed acquisition of Edison E&P by Energean. If successful, the deal will provide Neptune with an estimated 30 MMboe of 2P reserves, apart from material growth in contingent resources, and near-term production.
Ancala Midstream has won a multi-billion pound contract for Zennor Petroleum’s Finlaggan field in the North Sea. This deal will enable Ancala to process gas through its Scottish Area Gas Evacuation (SAGE) terminal in St Fergus near Peterhead. The first production is expected in the fourth quarter of 2020. Ancala's CEO said, "We are delighted to have secured this long-term contract to provide processing services to the Finlaggan field".
Restrata Platform is a system for real-time monitoring of people and assets. Serica Energy has signed a deal to adopt this platform for Bruce asset in the UK Northern North Sea. CEO of the company said, “Our team will work with Restrata to commence the roll out of the technology and integrate our operating procedures, specific to Bruce".
Norwegian energy major, Equinor has informed about concluding the divestment of its 16% stakes in Lundin Petroleum. First announced in July 2019, the divestment will give Equinor a 2.6% direct ownership share in Johan Sverdrup oilfield. Equinor, which gained $650m out of the deal, will continue to retain a 4.9% stake in Lundin.
Danish drilling major, Maersk Drilling has secured a £6.2million contract to carry out drilling activities for an appraisal well at a central North Sea field. Maersk will perform drilling at the Birgitta field for Oman-based Petrogas. With an additional 20-day option, the contract is projected to commence in March 2020 for an expected 70 days.
Oil supermajor, BP has awarded a three-year contract to the Aberdeen-based FMS for the provision of mooring equipment for North Sea operations. FMS is a leading independent supplier of mooring equipment. MD at the firm, Steven Brown, said, “This award demonstrates our capability and capacity to support the mooring equipment requirements for one of the leading operators in the UKCS.”
Norwegian energy major, Equinor yesterday reported a light oil discovery in the Sputnik exploration well in the Barents Sea. The recoverable resources from the discovery has been estimated to be approximately 20-65 million barrels of oil (MMbbl). The Sputnik well was drilled in the PL855 licence, situated about 30 km northeast of the Wisting discovery. The PL855 licence is operated by Equinor, where OMV and Petoro are partners.
Independent Oil and Gas (IOG) has inked agreements to sell out half of its assets in the Southern North Sea to CalEnergy Resources (CER). The UK-based firm will let go of upstream assets, excluding the Harvey licenses, and the Thames Pipeline and associated Thames Reception Facilities. IOG and CER will also pursue development prospects in the Thames Pipeline on an equal ratio basis.
French energy giant, Total has revealed plans of farming out North Sea assets worth £4billion in the current financial year. The asset farm-out news comes tailing a £510m-sale of a UK North Sea mature field package to Petrogas in July. The supermajor said that the divestment strategy is in line with Total’s goals of growing in the LNG market, and will stress on the sales in the exploration and production.
Neptune Energy and BP have awarded Seagull development contract to TechnipFMC. Seagull North Sea development is a 50 million barrel project. Under the scope of this deal, the EPC giant will provide engineering, procurement, construction and installation (EPCI) services in a Target Cost contract. The offshore construction campaign is slated for commencement in the second quarter of 2020.
In an attempt to increase its share of North Sea decommissioning work, Scotland has raised funding worth £4 million. In the fourth round of Decommissioning Challenge Fund, the nation gained a higher share of the £15.3bn forecast. Energy Minister said, "Decommissioning North Sea infrastructure will help Scotland’s supply chain gain an even higher share of North Sea projects and capitalise global market opportunities by exporting knowledge and experience".
Neptune Energy has been chosen to assist in creating the first offshore hydrogen plant in the Dutch North Sea. The pilot project will aim at generating hydrogen through a megawatt electrolyser, to be installed at Neptune’s Q13a platform. The hydrogen formed will then be used to generate electricity to power the nearby Taqa-operated platform. The Q13a is the first platform in the Dutch North Sea to become fully electrified.
In March 2017, the Canadian firm CNR International submitted its draft programme for Ninian Northern, which has now received approval from the UK Government. The topside can be withdrawn early next year and the jacket can be removed by 2023, said CNR in its final version. The Ninian platform is located in the UK North Sea and was installed in 1978.
British E&P firm, RockRose Energy has concluded the acquisition of Marathon Oil’s UK business. RockRose entered into an acquisition agreement in February this year to buy out Marathon’s UK division. The acquisition has gained RockRose the ownership to 40% operated stake in the Greater Brae Area, apart from a 28% stake in BP-operated Foinaven development and its satellite fields.
Optime Subsea has been chosen by Aker BP to render well access system and services on the Norwegian Continental Shelf (NCS). Optime Subsea along with Subsea Controls and Intervention Light System (SCILS) has recently completed a two well Plug & Abandonment campaign on Jette field. This service was successful in saving rig time, personnel and equipment. Deploying these cutting edge technologies, Aker BP is continuously improving operations and lowering costs.
Chinese E&P giant, CNOOC has awarded a contract extension to Maersk Drilling for the Maersk Innovator to perform drilling activities at the Buzzard field. An ultra-harsh environment jack-up rig, the Maersk Innovator will continue to drill infill wells in the North Sea until February 2020. Hydrocarbons were discovered in the Buzzard field back in 2001. CNOOC expects first oil from Phase 2 in 2021.
Aberdeen-based Well-Safe Solutions has secured a major decommissioning contract of 21 wells on Schooner and Ketch fields in the UKCS. Operated by DNO North Sea (ROGB) Limited, production ceased in Schooner and Ketch fields last August. The contract terms require Well-Safe to deliver engineering, contractor management and logistic services, with DNO holding well operatorship.