• 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 May 2018
Fortis has ceased as an active NCS company after divesting its remaining licenses to Aker BP, Statoil and MOL
Statoil has commenced on its 2018 operated drilling campaign. The company also abandoned its appraisal at Tune earlier in 2018, but the well was spudded in 2017
A PDO has been submitted for Wintershall’s Nova development close to Gjøa. The field previously known as Skarfjell will be developed as a subsea tie-back to Gjøa. Capex is estimated at NOK 9.9 billion and resources at 80 MMboe
Statoil’s general assembly approved the name change to Equinor
The Norwegian State’s Revised National Budget for 2018 has adjusted expected government take from petroleum activity up NOK 44 billion from NOK 183 billion to NOK 224 billion. This is a result of increased expected oil price per barrel from NOK 438 to NOK 519
The mature area Awards in Predefined Areas (APA) 2018 licensing round was announced with an expansion of 47 blocks in the Norwegian Sea and 56 blocks in the Barents Sea compared to APA 2017