Unclear information and in some cases "contradictory" procedures meant the rig operator did not act on weather warnings in time to save its mooring systems, an HSE investigation found.
Appraisal drilling at Ithaca Energy’s K2 discovery will now take double the length of time expected, amid ongoing issues with sidetrack drilling.
August update: K2, Leverett and Earn underway, and Norway takes off.
The results of a hotly-anticipated North Sea exploration well are due to be released in the “next few weeks”.
According to independent estimates from advisory firm Envoi, K2 has estimated resource potential of 102 million barrels of oil equivalent.
Skerryvore is slated for 2024, the Devil’s Hole is on the way, the Bens disappoint, but there’s been some high-impact success too.
Ithaca Energy (LON: ITH) is about to begin drilling an exploration well at the K2 prospect in the Central North Sea.
Ithaca Energy has announced the presence of hydrocarbons at its much-anticipated Isabella well, though operator TotalEnergies has yet to confirm commercial implications.
Summit Exploration and Production has announced the farm-out of a 50% stake in the K2 gas prospect in the North Sea to Dana Petroleum.