Key NCS Takeaways September 2018
 

September 2018

 NCS E&P Update

Rystad Energy's Annual Summit and Client User Meeting

Houston: September 18-19
London: October 3-4
Singapore: October 16-17

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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
September 2018

• APA 2018
• Statistics Norway update
• Equinor ambition
 

Future Well Count

Åsgard area insight

CONTACT

NCS@rystadenergy.com

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Key NCS Takeaways September 2018 

 

Exploration

  • Lundin has finalized 10 days production testing of well 16/1-28S Rolvsnes in fractured basement granite rocks. Next step is to do a long term production test towards Edvard Grieg. Resources upgraded to midpoint of 40 million boe
  • 38 companies submitted applications in APA 2018 

Field development

  • Neptune plans to sanction Cara and P1 development in Q1 2019 with production start 2020-2021
  • Equinor has submitted PDO for Johan Sverdrup Phase 2 with investments of 41 billon NOK and production start 2022
  • Equinor plans to pass DG2 by end of this year for Heidrun Subsea Extension Phase2, to increase recovery from the Northern part of the field
  • Equinor plans to abandon Statfjord A with cessation of production in 2022. Alternatives for the concrete structure are full or partly removal or leaving entire structure offshore
  • Equinor has received approval to start up Oseberg H with a new unmanned platform with investments of 6.5 billion NOK compared to PDO estimate of 8.2 billion NOK
  • Equinor has received approval to start production at Aasta Hansteen with investments of 37.5 billion NOK
  • Lundin ceased production early on the Brynhild field in May 2018 as reserves were downgraded from 23 million boe to 3 million boe
  • Visund Nord IOR project came on stream early September with investments of 1.3 billion NOK  

Other take aways

  • SSB reports offshore investments to increase by 16% from 142 billion NOK in 2018 to 165 billion NOK in 2019

 

 

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