• 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 August 2017
Total has entered agreement to acquire Maersk Oil for USD 7.5 billion. Cash is not part of the consideration as A.P.Møller Maersk AS will receive USD 4.95 billion in shares in Total and Total will take over debt of USD 2.5 billion
Key growth assets are Johan Sverdrup in Norway and Culzean in the UK
OKEA’s acquisition of Total’s 15% in Gina Krog has been cancelled following the failure to secure sufficient financing
Statoil announced a small oil and gas discovery of 6 mmboe in PL855 Gemini North located 35 km north of Wisting
Statoil also announced a gas discovery of 16 mmboe in PL849 Blåmann 25 km south-east of the Snøhvit field
Two key prospects still to be completed as part of the Statoil Barents Sea drilling campaign this year; PL 859 Korpfjell in Barents South East and PL718 Koigen Central in Barents Sea west
NPD announced the results of Lundin’s latest appraisal activity on the Alta discovery. Both wellbores encountered oil and gas columns with pressure communication consistent with other wells testing the structure. Revised resource estimate is expected according to NPD. Lundin will now drill three wildcats in the Loppa High area starting with Børselv in PL609
AkerBP hit dust with its Hyrokkin wildcat north of Alvheim. Both 2017 AkerBP wells targeting tie-back resources to Alvheim have been dry
Production started for PL090B Byrding field which is developed as a dual lateral well drilled from the Fram H North template that is connected to Troll C
Statoil is discussing shut down of the Tune field in 2019, appraisal well to test the Tune Statfjord discovery likely important
Average rig rates for fixtures in 2017 for Norway USD 184’ and UK 110’
Rystad Energy has the great pleasure of inviting you to our Annual Oil & Gas Summits 2017. This year our key events will take place in Houston and London. Join us to hear about our up-to-date market analyses and overview, industry perspectives and data analysis discussions.
September 19-20, 2017 Houston, United States
October 4-5, 2017 London, United Kingdom
The Annual Oil & Gas Summit is free to attend for client companies. To request more information, please vist our dedicated website here. For queries about non-client pricing, please contact Rystad Energy.