• 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 May 2017
Neptune Energy and ENGIE has entered into exclusive negotiations to acquire ENGIE’s 70% share in ENGIE’s upstream activity excluding 30% in the Algerian Touat development for USD 3.9 billion. Gjøa, Njord area, Snøhvit and Gudrun are important NCS assets involved in the transaction with expected close Q1 2018
DNO has acquired Origo Exploration and returns to the NCS and UKCS. The company has communicated additional inorganic growth ambitions
Lundin announced a dry appraisal well on its Gohta discovery. Resources are likely to be downgraded
NPD has mapped the resource potential in the Northern Barents Sea which resulted in an additional 8.8 billion boe estimate of undiscovered resources, a doubling of the current estimate
Centrica operated Oda was approved for development as the last of five development plans submitted in 2016
Statoil’s Albiorix discovery from March 2017 has been renamed Sindre and approved for development. Resources will be extracted via a well drilled from Gullfaks C and a new business unit has been created for unitization purposes
Troll Brent B has also been approved for development by drilling a multi-lateral well from the O-template connected to Troll C