Key NCS Takeaways November 2018
 

November 2018

 NCS E&P Update

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
November 2018

• Recent transactions
• Exploration value creation
 

Future Well Count

Grosbeak area insight

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Key NCS Takeaways November 2018 

M&A

  • Aker BP has acquired Equinor’s 77.8% stake in the complex King Lear discovery for USD 250 million. Aker BP’s ambition is to use the gas for increased oil recovery at its Ula field about 45 km to the north
  • PGNiG has acquired Equinor’s 42.4% stake in the ConocoPhillips operated Tommeliten Alpha discovery for USD 220 million
  • Petrolia has acquired Equinor’s 6.7% stake in the Total operated Flyndre field
  • Equinor has now only its 7.6% stake in PL018 Ekofisk and Eldfisk and 6.6% in the Tor unit left in the southern North Sea after also divesting the Norsea oil export infrastructure earlier in 2018 to ConocoPhillips 


Exploration

  • Wellesley announced successful appraisal result at its Grosbeak West well which has helped revitalize the discovery and puts current mid point resources at 144 MMboe.  
  • Equinor announced a 12-25 MMboe discovery at the Skruis prospect north of Johan Castberg
  • Aker BP announced a successful appraisal of its Gekko discovery which is now likely to proceed towards development as a tie-back to the Alvheim FPSO 


Field development

The Ministry of Petroleum and Energy has ruled that it can not force a unitization of the NOAKA area which puts the development decision back into the hands of operators Aker BP and Equinor

 

 

 

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