Helicopters are at their happiest when they are being worked hard, a boss at manufacturer Sikorsky said.
Westwood Global Energy
There is a “looming undersupply” of top tier rigs to meet demand for drilling and exploration campaigns in the North Sea in 2019.
Westwood Global Energy reports that towards the end of November there were three E&A wells active on the UKCS, with two in the Central North Sea and one in the Southern North Sea.
The level of interest shown in the latest North Sea auction was “better than expected”, a consultant has said.
Just over a fifth of oil produced over the last decade in the UK has been replaced through exploration, a new report said.
Equinor’s takeover as Rosebank operator will give impetus to a project which has stuttered since the field was discovered in 2004, analysts said.
UK Continental Shelf
Westwood Global Energy reports that at the end of May, there were two active E&A wells on the UKCS, both west of Shetland, with one exploration and one appraisal.