The box chart below shows the average drilling difficulty (on a P50 basis) of offshore wells drilled in the North Sea basin from 2000 to 2016. The data suggests that the average drilling difficulty hasn’t changed very much over the last two decades – it has been relatively flat. The Rushmore Drilling Index (RDI) is a measure of the difficulty of drilling a well and is used for normalisation purposes. The numbers in parenthesis represent the number of wells that were drilled to Total Depth in a given year.
Trundling around this year’s Offshore Europe has, believe it or not, put me in a reasonably positive mood. The fact that the foundations for the European Wind Deployment Centre are now being installed offshore just a few miles up the coast from the AECC serves as valuable reinforcement.
Oil and gas tankers could be "weaponised" by terrorists and used to block global shipping routes or create massive explosions several miles wide, security experts have warned.
Aberdeen is still the “unchallenged” number two to the US city of Houston in global oil and gas markets despite recent woes, a visiting industry chief said yesterday.
An additional 900million barrels of oil could be extracted from the North Sea if companies can improve their operation, according to the Oil and Gas Authority (OGA).
The oil sector’s efforts to make the North Sea more competitive will be “irreversibly damaged” without an influx of new investment, an industry expert said today.
Sizeable quantities of methane gas is escaping from below the North Sea floor every day as a result of anthropogenic activity, according to new research.
Wood Group has acquired the operations of all subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project, offshore Western Australia.
Tata Steel has emphasised its commitment to the North Sea and the global oil and gas industry by announcing a near £2 million programme of investments.
An uptick in North Sea mergers and acquisitions (M&A) activity in the first half of 2017 was a “tentative sign” that investor confidence is starting to return to the oil and gas sector, a new report said.
Europe’s biggest energy companies have a message for the aging U.K. North Sea oil industry: We may be selling assets, but that doesn’t mean we’re heading for the exit.
Reforming the decommissioning tax relief system would create a “sweet spot” for the UK Government and the oil and gas sector, an industry expert has said.
