Subsea 7 (SUBC.OL) and Aker Solutions (AKSO.OL) have clinched subsea and engineering contracts for Aker BP’s Trell and Trine development, plans for which the operator submitted to regulators earlier this week.
Aker BP has submitted plans for its Trell and Trine development with Norwegian regulators, with a view to boosting reserves at the wider Alvheim area above 750 million barrels.
Sval Energi has signed an agreement to acquire Suncor Energy’s Norwegian business, as the Canadian group looks also to sell off its UK assets amid a pull back from the North Sea.
As the European Union and the UK both scramble to replace Russian fossil fuel supplies, gas in particular, Norway has signalled its intention to step up as the partner of choice.
OMV Norge has spudded its Oswig exploration well, a 90-million barrel play opener billed as one of the larger gas prospects tested in Norway this year.
Neptune has completed the fourth and final development well at its operated Fenja field in the Norwegian Sea, in preparation for production start-up next year.
The Norwegian government has stepped in to end industrial action by offshore workers which threatened to shut in almost 60% of the country’s gas exports.
As of 23 June, Westwood Global Energy reports that there are four exploration wells active, two in the Northern North Sea and two in the Norwegian Sea. Since the last report, five exploration well programs have completed, with three of the wells being successful. The Slagugle appraisal well was P&A in April, with no results released until May when it was reported as a dry well.
The merger of Aker BP and Lundin Energy’s oil and gas businesses is due to be completed after market close today, finalising the creation of a major new Norwegian energy player.
Aker BP has concluded the drilling of a wildcat well in the Norwegian Sea, locating up to 1.9 million cubic metres of oil equivalent, according to the Norwegian Petroleum Directorate (NPD).
Centrica has concluded the sale of the majority of Spirit Energy’s Norwegian assets to Sval Energi, and its interests in the Statfjord field to Equinor, as it focuses on UK gas production and energy transition projects.