This is the largest number of production licenses ever awarded in one licensing round on the NCS.
Forfatter: Liesbeth Breesch
The Ragnfrid North well has proven 6-25 million barrels of oil equivalent.
Neptune Energy has completed the integration with VNG Norge and becomes operator of the Fenja field development in the Norwegian Sea.
At the PETEX 2018 conference, organised by the PESGB in London last week, the oil and gas industry seemed cautiously optimistic about the future.
No single technology will provide a “silver bullet” to the challenges faced by Norway’s oil & gas industry, according to a report by Westwood Energy.
Faroe Petroleum swaps its interests in Njord, Hyme and Bauge development for interests in Alve, Marulk, Ringhorne East and Vilje from Equinor.
The Oil and Gas Authority (OGA) estimates the Yet-to-Find Prospective resources on the UKCS as 4.1 Bboe in prospects and leads and 11.2 Bboe in plays.