Bridge Petroleum has reported “multiple offers” for its Galapagos North Sea redevelopment; however, licensing rules may produce a roadblock.
The company behind a massive North Sea redevelopment that could yield millions of barrels of oil says it is “hopeful for the future” of the project.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
A giant North Sea project could help disprove false perceptions on redeveloping old fields, according to a former oil boss.
North Sea work is helping bring the global FPSO market “back to life” according to a new report from Rystad Energy.
Bridge Petroleum has reported "high levels" of farm-out interest for its Galapagos development in the northern North Sea.
Bridge Petroleum, owner of the “dormant Brent giant” Galapagos, has been awarded five licenses in the latest North Sea round.
Bridge Petroleum’s plan to redevelop its Galapagos field, which has up to 800million barrels remaining, is achievable, according to an analyst.
London-based oil explorer Bridge Petroleum has launched plans to awaken “a dormant Brent giant” in the North Sea.