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Barents Sea

Oil & Gas

Some optimism for Norway’s offshore prospects

Westwood Global Energy reports that there was one exploration well programme active as of May 27, plus one development programme with an exploration sidetrack planned. One exploration well programme was completed and one exploration well programme spudded in May.

Oil & Gas

Six exploration wells active at end of July

Westwood Global Energy reports that there were six active exploration wells and one active appraisal well at the end of July. Since the last report, five exploration wells have spudded and six E&A wells have completed on the Norwegian Continental Shelf.

Markets

Exploration: Oil finds in Greater Edvard Grieg area

Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.

Norway

New Norwegian frontiers

Studies continue to identify northern Norway and the Arctic as a growth area for the Norwegian oil and gas industry.

Norway

Lundin to drill Barents Sea wildcat well

Norway has given Swedish firm Lundin permission to drill a wildcat well in the Barents Sea. The Leiv Eiriksson rig will carry out the drilling campaign on licence area 533. Lundin operates the licence and holds a 35% stake. Aker BP also has 35% while DEA has 30%.

Oil & Gas

Lundin to drill fresh Alta well

Norway has granted Lundin a drilling permit for another well on the Alta discovery in the Barents Sea. The Leiv Eiriksson rig will drill the well. Lundin Norway operates the licence with a 40% stake. Idemitsu Petroleum and Dea Norge each hold 30%.