• 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 July 2018
OKEA has signed an agreement to acquire Shell’s ownership in Draugen and Gjøa including operatorship for NOK 4.5 billion
Neptune Energy has signed an agreement to acquire VNG Norway including the Fenja development with operatorship as well as Brage , Njord, Hyme and Ivar Aasen
Point Resources and ENI have signed an agreement to merge Point and ENI Norge into Vår Energi with Point owning 30.4% and ENI 69.6% in the new company
12 new licenses awarded in the 24 th exploration round of which 9 are in the Barents Sea and three in the Norwegian Sea. Equinor (5 including one firm well), AkerBP (2) and Spirit Energy (2) awarded most operatorships
Spirit Energy completed the appraisal of PL 433 Fogelberg well 6506/4 S and A which included a Drill Stem Test. The test flowed at 4047 boe/d. Preliminary resource range is 40-90 MMboe with PDO expected 2019
Wellesley Petroleum made an oil discovery of 3-8 MMboe in PL 925 Kallåsen wells 35/12-6 S&A located 5 km south east of the Nova discovery
Equinor submitted the PDO for Troll Phase 3 development with reserves of 2.2.billion boe at cost of 7.8 billion NOK. This phase targets the gas cap over the oil column in Troll West