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Aker BP granted drilling permit for wildcat east of Frigg field
Aker BP granted drilling permit for wildcat east of Frigg field   The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/2-20, cf. Section 15 of the Resource Management Regulations. Well 25/2-20 will be drilled from the Deepsea Stavanger drilling facility in position 59°52'27.05" N and 02°27'29.23" E after completing the drilling of wildcat well 15/6-16 S for Aker BP ASA in production license 777. The drilling program for well 25/2-20 relates to the drilling of a wildcat well in production license 442. Aker BP ASA is the operator with an ownership interest of 90.26%. The other licensee is LOTOS Exploration and Production Norge AS (9.74%). The area in this licence consists of parts of blocks 25/2 and 25/3. The well will be drilled about 20 km east of Frigg field. Production license 442 was awarded on June 15, 2007 (APA 2006). This is the eighth exploration well to be drilled in the license. The permit...
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Latest news - International
Greek Cyprus calls for arrest of Turkish drilling crew
Greek Cyprus calls for arrest of Turkish drilling crew   Tensions are escalating between Greek Cypriots and Ankara after international arrest warrants were issued for crewmembers aboard a Turkish drilling ship in disputed waters off the coast of Cyprus. On Monday, authorities in Greek Cyprus sought the arrest of 25 individuals, including workers on Turkey’s Fatih drilling ship,...
Saudi Aramco Just Did Something It Never Did Before
Saudi Aramco Just Did Something It Never Did Before   Saudi Arabia’s state-run oil company Saudi Aramco has announced a new financial first for the giant: it will hold its very first...
Oil extends decline after slump on high inventories, demand outlook
Oil extends decline after slump on high inventories, demand outlook   Oil prices fell for a second day on Thursday, extending declines of as much as 4% in the previous session, on continued...
ExxonMobil to go ahead with expansion project in Vaca Muerta Basin, Argentina
ExxonMobil to go ahead with expansion project in Vaca Muerta Basin, Argentina   ExxonMobil has decided to move ahead with the long-term development of Bajo del Choique-La Invernada block in...
Norway’s trillion-dollar oil fund to divest from 150 oil and gas firms
Norway’s trillion-dollar oil fund to divest from 150 oil and gas firms   The Norwegian Parliament has ordered the world’s largest sovereign wealth fund to divest from around 150...
EnscoRowan Announces Successful Completion of Consent Solicitation with Respect to Rowan Companies Notes
EnscoRowan Announces Successful Completion of Consent Solicitation with Respect to Rowan Companies Notes   Ensco Rowan plc (“EnscoRowan” or the “Company”) announced...
Eco Atlantic Reports Drillship Mobilisation At Orinduik Joint Venture
Eco Atlantic Reports Drillship Mobilisation At Orinduik Joint Venture   Exploration firm Eco Atlantic Oil & Gas Ltd said Monday it had mobilised a drillship for its offshore Guyana join...
OMV to pay £805m for stake in Achimov project in Urengoyskoye field
OMV to pay £805m for stake in Achimov project in Urengoyskoye field   The Achimov 4A/5A phase development involves bringing Blocks 4A and 5A of the Achimov deposits of the Urengoyskoy...
The oil market is quickly turning very ugly
The oil market is quickly turning very ugly   Oil bulls thought 2020 would be their year. After half a decade of lower spending on new projects, oil production growth was supposed to slo...
Ineos inks deal with Saudi Aramco and Total
Ineos inks deal with Saudi Aramco and Total   INEOS announced it has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubai...
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