• 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 December 2018
Faroe Petroleum and Equinor have agreed on a swap of interest where Faroe will acquire interest around Norne, Ringhorne and Vilje in exchange for Equinor acquiring Faroe’s interest in the Njord area excluding Fenja
Rystad carries similar valuations for the exchanged asset shares which is consistent with the non-cash nature of the swap
Petrolia continued its acquisition of Flyndre by also acquiring Petoro’s 0.356% share in the unitized field
The Equinor-operated, high-impact Intrepid Eagle wildcat in the Barents Sea was announced as a sizeable, but nevertheless non-commercial gas discovery
The NPD confirmed that the high-impact, Total-operated Jasper well in the Norwegian Sea has encountered hydrocarbons and will be further appraised to assess the resource potential
The Troll Phase 3 project was approved by the Ministry of Petroleum and Energy
Equinor has launched a boosting program at its operated Vigdis field which is expected to yield 11 million boe of additional production
ConocoPhillips is reported to have moved along with its Tor II redevelopment scheme as a subsea tieback to the Ekofisk complex and a combined cost estimate of NOK 6 billion