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Westwood Global

Norway

Var Energi’s King and Prince exploration programme a royal success

Westwood Global Energy reports that there were three exploration wells and one appraisal well active as of June 28. In addition, one appraisal re-entry of an exploration well is currently active. Key wells in June include discoveries at King/Prince and Garantiana West and frontier play tests at Stovegolvet and Stangnestind. A total of 14 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 50% commercial success rate to date.

Oil & Gas

Some optimism for Norway’s offshore prospects

Westwood Global Energy reports that there was one exploration well programme active as of May 27, plus one development programme with an exploration sidetrack planned. One exploration well programme was completed and one exploration well programme spudded in May.

North Sea

Slim pickings for UK oil and gas drilling

Westwood Global Energy reports that as of May 27 there were no exploration and appraisal wells active in the UK. In light of the Covid-19 pandemic and oil price crash, there have been a large number of E&A wells deferred to 2021.

North Sea

Most North Sea wells due to spud since 2010

Westwood Global Energy Group reports that as of June 30, one exploration well and three appraisal wells were in progress in the UK. Three wells were spudded and one well was completed in July.

Oil & Gas

Six exploration wells active at end of July

Westwood Global Energy reports that there were six active exploration wells and one active appraisal well at the end of July. Since the last report, five exploration wells have spudded and six E&A wells have completed on the Norwegian Continental Shelf.

North Sea

Glengorm find heralds a big year for exploration in NW Europe

The Glengorm gas condensate discovery announced last week could be the biggest in the UKCS since 2008. It will reignite interest in the high temperature, high pressure plays in the North Sea and heralds a mini renaissance in UK exploration.