Project-management contractor EPC Offshore said yesterday it had won a major deal to select the best concept for the development of Hurricane's Lancaster field, which has been described as one of the most significant oil discoveries west of Shetland in recent years.
significant oil discoveries
UK operator Centrica said yesterday it had signed a £142million deal to more than double its stake in a North Sea development.
Bowleven saw its shares soar yesterday after it said it had already made two potentially significant oil discoveries in a well off Cameroon and hoped to find more oil on reaching the well's target depth.
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday it had secured semisubmersible rigs to drill a further two exploration wells in the same area as its recent significant oil discoveries at West Rinnes and East Rinnes, north-east of Shetland.