• NCSSolution: provides monthly up-to-date information on licenses and field activities on the Norwegian Continental Shelf, including area-by-area reviews, exploration drilling activity, reserves/resources benchmarks, production profile outlooks and monthly feature topics (e.g. asset transaction).
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Key NCS Takeaways April 2018
Dyas has entered the NCS by farming into 13.3% from Faroe in PL433 Fogelberg discovery
Chrysaor has entered the NCS by farming into 15% from Okea in PL038D Grevling discovery
DNO has through several steps acquired 27.4% of the shares in Faroe Petroleum
OMV made a gas/condensate discovery of mid-range 142 mmboe in PL644 Iris/Hades prospects located close to Åsgard
Wintershall made a discovery of mid-range 94 mmboe in PL894 Balderbrå discovery located 115 km SW of Aasta Hansteen field
Spirit Energy is appraising PL433 Fogelberg located 18 km north of Åsgard and proved better reservoir quality and deeper GWC, but no new volumes yet announced
Government have recommended for the parliament to approve Statoil Johan Castberg PDO in Barents Sea. Resources estimated to 558 mmboe and investments 47.2 billion NOK
AkerBP Valhall Vest flank PDO approved. Will be developed as unmanned Wellhead Platform tied back to Valhall. Resources are estimated to 60 mmboe and investments 5.5 billion NOK
AkerBP Skogul PDO approved. Will be developed as a subsea tieback to Alvheim FPSO. Resources estimated to 10 mmboe and investments of 1.5 billion NOK
AkerBP Ærfugl PDO approved. Ærfugl is a subsea tieback to Skarv with resources of 274 mmboe and investments of 8.5 billion NOK
Repsol Yme redevelopment approved. Will be developed using Maersk Inspirer. Resources at 65 mmboe and investments 8.3 billion NOK
Following the successful appraisal boosting resources to 40-100 MMboe, Lundin plans to develop Luno II as a tie back to Edvard Grieg with 2 producers and 2 water injectors at investments of 4 billion NOK