Shell (LON: SHEL) is preparing to drill the latest in a series of Bond-themed prospects with its Orlov exploration well next month, as it looks to reverse a series of North Sea disappointments.
As the North Sea’s limited exploration well roster delivers a series of disappointing results, are there any promising plays left in E&P hoppers?
Shell has spudded its hotly tipped Edinburgh exploration well near the UK-Norwegian border – potentially one of the largest remaining undrilled structures in the central North Sea.
The Shell Jaws well in the North Sea has proved unsuccessful, partner Capricorn Energy has announced.
As of 28 February, Westwood Global Energy reports that there is one exploration well and one appraisal well active in the UK. One exploration well completed since the start of the year.
Westwood Global Energy reports that as of 24 January there were two exploration wells active in the UK.
Capricorn Energy expects to earn around £56 million on the back of higher UK production, following the sale of its North Sea interests to Waldorf Production last year.
Helicopter operator CHC has landed a contract to transport workers for the Capricorn Energy (formerly Cairn Energy) Diadem drilling campaign in the North Sea.
Westwood Global Energy reports that as of 16 December there was one appraisal well and three exploration wells active in the UK. Completions to date in 2021 are two appraisal wells at 22/26d-3 Glengorm South and 30/13e-12, 12Z Talbot and three exploration wells at 22/6c-B4Z Bacchus South, 16/2a-6 Tiger Lily and 22/1b-12, 12Z, 12Y Fotla.
Westwood Global Energy reports that as of 29 November there was one appraisal well and three exploration wells active in the UK.
Shell has kicked off drilling on the Jaws prospect in the UK North Sea, aiming to hook a prize of up to 30million barrels of oil.
Cairn Energy has updated its timeline for the £330m sale of its interests in the Catcher and Kraken assets in the North Sea.
Cairn Energy and Shell are targeting a combined 60 million barrels of oil from two of their UK North Sea prospects.
Scottish oil and gas firm Cairn Energy said today that its partners’ North Sea Catcher and Kraken fields were expected to “enter their natural decline phase” this year.