Petrofac and Halliburton have joined in a pact with fledgling explorer Seapulse and Maersk Drilling on UK North Sea wells next year.
Recognising that exploration is an inherently risky business is the name of the game for newcomer Seapulse, which is working out new ways to play it.
A “trend” of private equity-backed newcomers to the North Sea has been carried on with the entry of Seapulse.
A new global oil and gas explorer has said it plans to target more North Sea wells in the future.
Azinor Catalyst has committed to drilling two prospects in the North Sea next year.
Offshore explorer Seapulse has entered into a pact with EnQuest.
A new exploration investment firm has agreed a pact with Maersk Drilling for 12 wells targeting 4 billion barrels of oil in the next two years.