One of the biggest oil discoveries in the North Sea in years may not be quite as big as hoped, Sweden’s Lundin Petroleum said yesterday.
North-east oil explorer Eland Oil and Gas made its debut on the stock market yesterday, with first day trading valuing it at about £135million.
Statoil has started drilling its second exploration well on the Brugdan prospect, located in licence area 006 off the Faroes.
Maersk Oil will drill an exploration well in the Maja licence area in the Danish sector of the North Sea.
CHARIOT Oil & Gas has identified a single 500sq km mega-structure within its licence area offshore Namibia, following 3D analysis.
Aberdeen oil firm DEO Petroleum UK has announced changes to stakes in the Perth licence area in the central North Sea.
TOTAL has discovered oil on block 17/06 in the deepwater sector of the Atlantic offshore Angola.
IRELAND has decided to extend the area to be opened for licensing in the 2009 Rockall Round to include the north-western margin of the Rockall Basin.
TOTAL has signed an agreement with Nigerian company Conoil Producing to farm into deep offshore block OPL257 for a 40% interest, leaving Conoil as operator with a 50% interest, while another Nigerian company holds the remaining 10%.