June 2018

 NCS E&P Update

Launch of Rystad Energy Analytics and Client Portal extends our product portfolio to the new level

Learn more

RYSTAD ENERGY PRODUCT HIGHLIGHTS

• 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).

NCSAtlas Insights
June 2018

• UKCS 30th round
• SDFI valuation 2018
• Exploration value creation

Future Well Count

Balder area insight

CONTACT

NCS@rystadenergy.com

NCS Newsletter Subscription: 
If you are not yet a subscriber to this email, please fill out the subscription form.

Key NCS Takeaways June 2018 

M&A

  • Successful farm-in by Spirit Energy ahead of the Lille Prinsen discovery in PL167 by acquiring 20% interest from Equinor

Exploration

  • Equinor made an oil and gas discovery of 16-35 MMboe in PL 167 Lille Prinsen well 16/1-29S located on Utsira High. The Verdandi gas discovery was also appraised without altering the resource range of 4-11 MMboe. The discovery is expected to be commercial and further studies will be made to clarify upside potential according to Equinor

  • AkerBP made a minor gas discovery of 12-22 in PL 659 Svanefjell well 7221/12-1. Depending on further analysis it could be the first time gas hydrates are proven on the NCS according to Aker BP

Field Developments

  • Johan Castberg approved in Parliament with resources at 558 MMboe, investments 49 BNOK and production start 2022

  • Equinor has extended the lifetime of Oseberg East until 2031

  • Equinor will drill 3 wells on Fram expected to deliver 70 MMboe and extend field life from 2023 until at least 2030

  • Ekofisk 2/4 VC water injection template is ready for production with 17 MMboe IOR expected to be realized

SDFI valuation 2018

  • Rystad Energy has performed an independent valuation of the Norwegian State’s Direct Financial Interest (portfolio managed by Petoro) for the Ministry of Petroleum and Energy

  • Value is estimated at NOK 1093 billion which is NOK 283 billion higher than the 2016 estimate

  • Additional resources, accelerated production and lower costs are the main value drivers

  • The report can be downloaded here

Please contact us regarding Rystad Energy NCS Atlas for more details.