• NCSAtlas: 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 June 2017
Ineos acquired DONG’s E&P portfolio for up to USD 1.3 billion. This marks an entry for Ineos to the NCS where it will be a partner in fields such as Ormen Lange, Alve and Marulk
OKEA has acquired Total’s remaining 15% interest in the Gina Krog development where production start is imminent. The transaction is contingent on OKEA raising USD 565 million to fund both the USD 350 million acquisition and other investments
Statoil has commenced its highly anticipated Barents Sea campaign by spudding both Blåmann and Kayak. Drilling at Blåmann was temporarily suspended due to a claimed copyright infringement on the use of Statoil’s Cap-X technology
AkerBP has also commenced its 2017 exploration drilling campaign by spudding Volund West which is one of 3-4 exploration wells to be drilled in its operated Alvheim area
First oil was achieved from Statoil’s one well extended reach development Sindre on May 26
Statoil has received consent from NPD to commence production at its Gina Krog facility. Start up is expected by the end of June
PDO for Snefrid North is expected to be submitted within 2017 with start up in 2019. It will be developed as a subsea tie-back to nearby the Aasta Hansteen facility
In addition to the NCS Solution, Rystad Energy has launched a similar product for the UKCS. United Kingdom Continental Shelf Solution (UKCSSolution) provides up-to-date information on licenses and field activities on the United Kingdom Continental Shelf. It reviews key activities, transactions, work programs, and drilling plans on the UKCS on a monthly basis. The data and analysis are delivered through UCube UK, PDF report and GIS map.
UKCSSolution also can be combined with NCSSolution into Northwest Europe (NWE) Solution to access an integrated and detailed overview of all upstream activities in UK, Norway and Denmark.