Offshore drilling activity on the UK Continental Shelf (UKCS) is expected to recover in 2021 with a dozen potential exploration wells identified.
Ensuring that North Sea exploration drilling gets “back on track” next year will be a key part of efforts to help the industry get back on its feet.
Westwood Global Energy reports there were three exploration wells and three appraisal wells active at the end of October.
Fewer exploration wells were drilled in the first half of 2017, but commercial success rates were up, an analyst has said.
Optimism is returning to North Sea exploration, though estimates for this year’s drilling targets could be unrealistic, an oil sector analyst has said.
Statoil has signed a three-year contract for the Stena Carron drillship for exploration drilling on the pre-salt blocks (blocks 38 and 39) in the Kwanza basin in Angola.
Oil and gas firm Faroe Petroleum said yesterday it had acquired a 25% stake in the Pil prospect in the Norwegian Sea and a 50% share in the Lowlander discovery in the UK central North Sea.
Royal Dutch Shell has said it will not drill for petroleum in the Arctic Ocean in 2013.
Premier Oil has started drilling on the central North Sea Spaniards East prospect, it was announced today.
Premier Oil chief executive Simon Lockett said yesterday he was looking forward to increased exploration by the firm in the next 12 months, including in the North Sea.
Oil and gas explorer Antrim Energy said today it is looking at a Spar floating oil platform development of the central North Sea Fyne field and potentially other fields in the area.
The Norwegian Petroleum Directorate has given permission to Total and Centrica to carry out exploration drilling in the North Sea and Norwegian Sea.
A major step up in exploration and development rates needs to happen or billions of barrels of UK oil and gas could go unexploited, an industry event heard yesterday.
BP is on the right path, chief executive Bob Dudley said yesterday when he announced the global oil giant's annual results.
A subsidiary of ExxonMobil and Romanian oil and gas group Petrom has started drilling on the first deepwater exploration well in the Romanian sector of the Black Sea.
Calgary-based Antrim Energy said today it expects exploration drilling to start on its Erne prospect in the central North Sea Greater Fyne area once the WilPhoenix rig completes operations with another operator west of Shetland.
The Petroleum Safety Authority (PSA) has given the green light for a number of rigs to get on with new tasks on the Norwegian Continental Shelf.
Cairn Energy, the Edinburgh-based oil and gas operator, said yesterday its exploration acreage off Greenland could hold billions of barrels of oil.
NORWAY'S Petroleum Safety Authority (PSA) has given the green light to StatoilHydro and Marathon to carry out exploration and development drilling with the semi-submersibles, Polar Pioneer, West Alpha and Deepsea Bergen.