Shares in Harbour Energy fell on Thursday after warning an “unusually high level” of North Sea shutdowns and deferred drilling will hit its production levels.
Other recent projects had a gap of two weeks.
Worley has secured a contract extension with Harbour Energy to provide engineering services supporting major North Sea upstream projects.
The UK Government has formally approved the Affleck redevelopment - a new oil project in the North Sea.
Meanwhile, Tolmount East first gas is expected by year-end.
Harbour Energy (LON:HBR) has received approval to proceed with its 18 million barrel Talbot development in the North Sea, with production due online in late 2024.
Updates were given on Talbot, Leverett, Tolmount East, Earn and Jocelyn South.
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Harbour Energy (LON: HBR) has sanctioned two new oil and gas projects in the North Sea as its profits swell.
Harbour Energy has submitted an environmental statement for its proposed Talbot subsea development, with a view to reaching first oil in Q3 2024.
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.
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Chrysaor has confirmed it is hoping to sanction a new North Sea project next year.